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CFPB, DOJ settle with Fairway over redlining allegations
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Case Law, Consumer Protection, Industry Regulation
Tuesday, October 22, 2024
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Fairway Independent Mortgage Corp. is facing redlining allegations levied in a complaint filed by the Consumer Financial Protection Bureau and the Justice Department, along with a proposed settlement against the Birmingham, Ala.-based lender for discriminatory marketing and sales tactics.
Dodd Frank Update’s sister publication contacted an industry expert for their insight into why real estate finance professionals should be paying attention.
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