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Bureau of Consumer Financial Protection v. Townstone Financial, Inc.
Case Number:
1:20-cv-04176
Court:
Nature of Suit:
Judge:
Honorable Franklin U. Valderrama
Firms
Government Agencies
-
April 03, 2023
CFPB Will Appeal Nonbank Redlining Loss To 7th Circ.
The U.S. Consumer Financial Protection Bureau plans to appeal its loss of a redlining suit against nonbank mortgage lender Townstone Financial, the agency told a Chicago federal judge Monday.
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February 08, 2023
CFPB Redlining Loss Casts Doubt On Its Fair Lending Future
A Chicago federal judge's complete dismissal of the first-ever Consumer Financial Protection Bureau redlining case against a nonbank mortgage lender could spell big trouble for the agency's role in fair lending enforcement if the decision is upheld, experts say.
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February 03, 2023
Chicago Lender Slips CFPB Redlining Suit Over Radio Remarks
An Illinois federal judge on Friday threw out a Consumer Financial Protection Bureau suit targeting a Chicago mortgage lender for allegedly disparaging majority-Black neighborhoods, ruling that the redlining regulation at issue only applies to credit applicants, not prospective applicants, as the CFPB had claimed.
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August 10, 2022
Ill. Lender Says CFPB Redlining Suit Violates 1st Amendment
A Chicago mortgage lender told an Illinois federal judge on Wednesday that the Consumer Financial Protection Bureau's suit attempting to hold it liable for allegedly disparaging majority-Black neighborhoods is based on a regulation in "flagrant" violation of the First Amendment and must be dismissed.
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August 09, 2022
CFPB Says Justices' EPA Ruling No Help To Chicago Lender
The Consumer Financial Protection Bureau on Monday defended its suit accusing a Chicago mortgage lender of discriminating against prospective Black borrowers, telling an Illinois federal judge that a recent U.S. Supreme Court decision limiting agency power isn't the trump card the company claims.
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March 21, 2022
CFPB, Chicago Lender Fail To Reach Final Redlining Suit Deal
A Chicago-area mortgage lender and the Consumer Financial Protection Bureau have abandoned efforts to settle the bureau's allegations that the lender disparaged majority-Black neighborhoods in infomercial commentary, the parties have told a federal judge in Chicago.
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October 26, 2020
Chicago Lender Says CFPB's Redlining Suit Goes Too Far
A Chicago-area mortgage lender argued Friday that the Consumer Financial Protection Bureau is going beyond its federal authority with a lawsuit alleging that it redlines and disparages majority-Black neighborhoods through infomercial commentary, which the lender says targets constitutionally protected speech.
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July 15, 2020
CFPB Accuses Chicago Mortgage Lender Of Redlining
The Consumer Financial Protection Bureau on Wednesday filed a complaint in Illinois federal court accusing a Chicago-area mortgage lender of redlining and disparaging majority-Black neighborhoods in infomercial commentary, marking the agency's first new fair lending-related enforcement action in more than a year.