Boca Ratonians

Provident Funding Associates Settles Lending Discrimination Claims

Provident Funding Associates Was Accused of Lending Discrimination Against African-Americans and Hispanic Borrowers Settlement Provides $9 Million in Compensation to African-American and Hispanic Borrowers The Justice Department and Consumer Financial Protection Bureau filed a consent order yesterday to resolve allegations that Provident Funding Associates engaged in a pattern or practice of lending discrimination that increased […]

9th Circuit COA Allows Dual Tracking Case Against Wells Fargo To Proceed

Court Says Its an ECOA Violation Karen Gullo, Bloomberg Wells Fargo & Co. (WFC) must face borrowers’ claims that it violated the Equal Credit Opportunity Act by starting foreclosure proceedings while the customers were making payments under a loan-modification agreement. The U.S. Court of Appeals in San Francisco today reinstated the claims of John and Carol […]

BofA Settles Accusations It Discriminated Against Disabled Borrowers

Reuters via Huffington Post Bank of America Corp has agreed to settle U.S. Department of Justice civil accusations that it violated federal laws by discriminating against mortgage applicants on the basis of disability. The accord resolves allegations the second-largest U.S. bank, which made about $152 billion of first mortgages in 2011, imposed extra burdens on […]

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