February 19, 2025
A split Second Circuit panel Wednesday upheld a jury verdict finding Emigrant Mortgage Co. engaged in "reverse redlining" by targeting Black and Latino homeowners with predatory loans, affirming the claims began accruing when the plaintiffs learned they were the victims of discrimination and not when the loans were signed.
June 12, 2024
Lawsuits over loan discrimination and the fallout faced by minority borrowers are being litigated in federal courts across the country, with banks, developers and the federal government facing claims.
June 29, 2023
The Consumer Financial Protection Bureau is urging the Second Circuit to uphold damages awarded to homebuyers for discrimination claims against Emigrant Bank, saying efforts to prohibit discrimination in credit markets would be undermined if the bank prevails in its appeal of a lower court's verdict.