Feds Settle Discriminatory Lending Suit Against GFI Mortgage

Law360, New York (August 24, 2012, 2:51 PM EDT) -- GFI Mortgage Bankers Inc. on Thursday settled an anti-discrimination lawsuit brought by the U.S. attorney in Manhattan accusing the mortgage lender of charging African-American and Hispanic borrowers thousands of dollars in extra fees that were unrelated to their credit risk.

U.S. District Judge Katherine Forrest agreed to close the action after U.S. attorneys informed the court that the parties had reached a settlement in the case. Settlement details were not immediately available on Friday and a spokesperson for the U.S. Attorney's Office for the Southern District...
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