The Consumer Financial Protection Bureau on Monday said it will appeal a Chicago federal judge’s dismissal of a fair lending case against a lender the agency alleges used racist language to discourage Black borrowers from applying for mortgages.
The CFPB is asking the US Court of Appeals for the Seventh Circuit to overturn a February ruling out of the US District Court for the Northern District of Illinois in favor of Townstone Financial Inc. and its owner, Barry Sturner.
Judge Franklin U. Valderrama found that while the Equal Credit Opportunity Act bars lenders from discriminating against loan applicants based on ...
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