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CFPB, DOJ file statement of interest in appraisal bias case

Case Law, Consumer Protection, Government Oversight, Nonbank Financial

Tuesday, March 14, 2023

The Consumer Financial Protection Bureau and the Department of Justice filed a joint statement of interest in a lawsuit alleging an appraiser and a lender violated federal law by lowering the valuation of a home because the owners were Black and by denying a mortgage refinancing application based on that low appraisal. Read on for more details.

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