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Attorney responds to judge denying motion to vacate Townstone settlement
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Consumer Protection, Industry Regulation
Friday, June 20, 2025
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An Illinois federal judge denied a motion filed by the Consumer Financial Protection Bureau and Chicago mortgage broker Townstone Financial to vacate the settlement the two parties reached to resolve allegations of redlining against Townstone.
One of the attorneys representing Townstone spoke to RESPA News, a sister publication to Dodd Frank Update, about the decision.
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