Changes to the Community Reinvestment Act expanded the geographic range. Multiple U.S. banking and business groups sued the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the…
Read MoreMortgage Lending
DOJ & CFPB Sue Texas Developer for Defrauding Latino Borrowers
The company is accused of making false statements and predatory loans in the Houston area. The Department of Justice and Consumer Financial Protection Bureau filed a lawsuit against…
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HHS Highlights New Research to Avoid Data-Based Discrimination
The director of the study says decisions must be made intentionally to “mitigate and prevent racial and ethnic bias.“ The Department of Health and Human Services (HHS) highlighted…
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HUD Releases Report on Homelessness
2022 numbers reach record levels as gains against homelessness made before the pandemic have reversed. The Department of Housing and Urban Development released a report that shows that…
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VA Extends COVID-Era Loan Forbearance Program
6,000 veterans were reportedly facing foreclosure due to the end of the pandemic program. The Department of Veterans Affairs (VA) has announced the extension of the pandemic-era program…
Read MoreCommerce Department Reports Boost in New Home Sales
Home builders work to fill the demand created by the housing shortage. The Commerce Department released its housing report last week, documenting heightened sales of newly built houses…
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Treasury Secretary Speaks at Annual Freedman’s Bank Forum
Attendees seek solutions to eliminate discrimination in banking, housing, and lending. The Department of the Treasury hosted the 2023 Freedman’s Bank Forum last week. The gathering included state…
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DOJ Secures $107 Million for Redlining Relief
Offers compensation for communities of color that have experienced discrimination by mortgage lending. The U.S. Department of Justice has investigated allegations of discrimination by banks and lending companies…
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Federal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
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Federal Reserve Governor Says Interest Rates Likely to Rise
The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
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