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Justice Department announces settlement to resolve lending discrimination claims against Evolve Bank and Trust

CFPB Monitor

On September 29, 2022, the Justice Department announced a proposed consent order with Evolve Bank and Trust to resolve allegations of lending discrimination on the basis of race, sex, and national origin in the pricing of its residential mortgage loans from at least 2014 through 2019.

Lending 147
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CFPB issues Fall 2020 semi-annual report to Congress

CFPB Monitor

With Director Kraninger having submitted her resignation to President Biden last week, the report represents the CFPB’s fifth and final semi-annual report under Director Kraninger’s leadership. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred three ECOA matters to the DOJ.

Report 78
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The 2019 GonzoBanker Awards

Gonzobanker

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

Idaho 148
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CFPB publishes Fall 2019 rulemaking agenda

CFPB Monitor

The CFPB has published its Fall 2019 rulemaking agenda as part of the Fall 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget. It represents the CFPB’s second rulemaking agenda under Director Kraninger’s leadership. PACE financing.

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CFPB issues Spring 2020 semi-annual report to Congress

CFPB Monitor

The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. During the period covered by the report, the Bureau filed one fair lending public enforcement action and referred four ECOA matters to the DOJ.

Report 78
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Justice Department announces settlement with Meta (formerly Facebook) to resolve alleged FHA violations arising from Meta’s targeted advertising system

CFPB Monitor

The proposed agreement was filed in a New York federal district court simultaneously with a complaint alleging that Facebook’s housing advertising system discriminated against Facebook users based on their race, color, religion, sex, disability, familial status, and national origin.

System 148
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House Financial Services Committee: “rent-a-bank” hearing on Feb. 5; Director Kraninger to testify on Feb. 6

CFPB Monitor

Graciela Aponte-Diaz, Director of Federal Campaigns, Center for Responsible Lending. Lauren Saunders, Associate Director, National Consumer Law Center. The scheduled witnesses for Part One are: Monique Limón, Chair, Banking & Finance Committee, California State Assembly.

Ohio 78