A federal judge in Chicago has blocked the Consumer Financial Protection Bureau's (CFPB) attempt to rescind a racial discrimination settlement reached last year with a Chicago mortgage lender. The settlement, established during the Biden administration, involved allegations that the lender made racist comments aimed at discouraging Black borrowers. The judge found no basis for the CFPB's extraordinary request to vacate the agreement. This move by the CFPB was described as unprecedented and has prompted other companies to seek similar reversals of their own accords with the regulator. Separately, the Department of Justice (DOJ) is moving to end a $13 million redlining consent order, while the CFPB is progressing with a debt relief lawsuit concerning $3.4 million in alleged advance fees. Additionally, the American Red Cross has avoided a lawsuit related to Haiti funds for the second time.
#CFPB Moves Forward with #Debt Relief Suit Over $3.4M in Alleged Advance Fees https://t.co/UueQqAUYBH #finance #consumer @SheppardMullin https://t.co/sjMS7Q62XE
#DOJ Moves to End $13 Million #Redlining Consent Order https://t.co/cILZJK5V26 @SheppardMullin https://t.co/OzXwPJX1kh
American Red Cross Escapes Suit Over Haiti Funds for Second Time https://t.co/Rde13Pi542