At an industry fair lending conference last week, officials from the U.S. Department of Justice (“DOJ”), the CFPB, and the U.S. Department of Housing and Urban Development (“HUD”).
On October 22, 2021, the U.S. Department of Justice (DOJ) announced an aggressive new initiative, in collaboration with U.S. Attorneys' Offices throughout the country, to combat the practice of redlining.
The message could not be clearer: lenders, both banks and non-banks, should expect an onslaught of new claims of redlining, including challenges to “modern-day” redlining, which.
:enders, both banks and non-banks, should expect an onslaught of new claims of redlining, including challenges to modern-day redlining, which allegedly remains pervasive in the lending industry today, as well as to all racist business practices.
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