Judge Slams Racist Lending Practices: Townstone Financial Faces Legal Reckoning
Key Points
- CFPB is fighting for a mortgage process free of discriminati...
Imagine a world where getting a mortgage isn't more complicated than trying to solve a Rubik's cube blindfolded—that's the dream the Consumer Financial Protection Bureau (CFPB) is fighting for.
Redlining: Not Cool, Not Legal
When Townstone Financial decided to play real estate roulette with discriminatory practices, they probably didn't expect the legal hammer to come down so hard. The CFPB's 2020 complaint revealed a disturbing pattern: the company was essentially telling Black homeowners, "Thanks, but no thanks" through their marketing materials.
When Justice Drops the Mic
U.S. Dis...
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