Hudson City Savings Bank Pays $32.75 Million To Settle Claims It Discriminated Against Blacks And Latinos Hudson City Savings Bank has settled claims of mortgage discrimination by the federal government for $32.75 million that it violated federal laws when it gave loans to members of the black and Hispanic communities. Claims by the Consumer Financial Protection […]
Federal Appellate Court Votes 3-0 To Reverse Lower Judge’s Ruling On Miami Ghetto Loans Lawsuit Against Wells Fargo, Bank of America and Citigroup A federal appeals court last week revived the Miami Ghetto Loans lawsuit that accused Wells Fargo & Co, Bank of America Corp and Citigroup of predatory mortgage lending or “ghetto loans” […]
The U.S. Supreme Court Votes 5-4 To Broadens The Reach Of The Fair Housing Act The Supreme Court by a 5-4 vote has not only affirmed the legitimacy of the Fair Housing Act passed in 1968 to combat housing discrimination but has broadened it reach by ruling that the law not only allows people to make […]
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 […]
David Zak has been ordered to pay $233,600 for Scamming Latinos In Loan Mod Scam David Zak, Revere, Massachusetts, has been ordered to pay $233,600 for discriminating against a group of seventeen Latino homeowners by targeting them with predatory and deceptive mortgage modification advertising. Hearing Officer Betty Waxman determined that Zak specifically targeted Latinos with deceptive […]
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