Appeals panel looks for middle ground on CFPB dismantling

Appeals panel looks for middle ground on CFPB dismantling

A federal appeals panel seems inclined to find a middle ground as it weighs whether to pause an order blocking the Trump administration from effectively dismantling the Consumer Financial Protection Bureau (CFPB) as the administration appeals.   The three-judge panel on the U.S. Court of Appeals for the District of Columbia Circuit expressed concern over…

CFPB Moves to Vacate Redlining Settlement with Townstone - Weiner Brodsky Kider PC

In a recently filed motion, the CFPB sought to vacate a judgment approving its settlement with Townstone Financial, Inc. over redlining allegations that stemmed from comments that the lender’s owner made on a weekly radio show. The CFPB sued Townstone, a Chicago-based mortgage lender, in 2020 in the U.S. District Court for the Northern District of Illinois, alleging that it had violated ECOA by making statements that discouraged on a prohibited …