Bureau of Consumer Financial Protection v. Townstone Financial, Inc.

  1. March 26, 2025

    CFPB Moves To Rip Up Settlement Of 'Radical' Redlining Case

    The Consumer Financial Protection Bureau asked Wednesday for an Illinois federal judge to throw out its recent settlement of a redlining lawsuit that was filed during the first Trump administration, a case the agency's new chief is now denouncing as unjust and wrong.

  2. November 01, 2024

    CFPB Inks Deal With Townstone Over Redlining Claims

    The Consumer Financial Protection Bureau informed an Illinois federal court on Friday that it has reached a settlement with Townstone Financial resolving its redlining claims against the mortgage lender.

  3. October 23, 2024

    CFPB, Chicago-Area Lender Say Redlining Suit Deal Is 'Likely'

    The Consumer Financial Protection Bureau and a Chicago-area mortgage lender have said in a filing that they could be close to settling claims that the lender illegally disparaged majority-Black neighborhoods.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.