City National Bank Settles Racial Bias Complaint In L.A. County … – BET
City National Bank Settles Racial Bias Complaint In L.A. County … BET
City National Bank Settles Racial Bias Complaint In L.A. County … BET
Regulators are gearing up to take a closer look at the “byzantine” regulatory structure overseeing the real estate appraisal profession. During a hearing on appraisal bias on Tuesday morning, Consumer Financial Protection Bureau Director Rohit Chopra turned the spotlight on the profession’s rulemaking entity: the Appraisal Foundation Chopra noted that the small nonprofit writes the … [Read more…]
To root out racial bias in the appraisal system, some experts say thereâs no point in nibbling at the edges. Instead, they suggest tearing the system down and starting fresh.Â
Hesperia and San Bernardino County Sheriff’s Department will pay $1 million to settle a suit alleging discrimination against Black, Latino tenants.
HUD said lenders will have clear guidance on how to navigate the new appraisal review process for borrowers seeking FHA financing.Â
Interim CFPB Director Dave Uejio expressed concern that financial institutions have dragged their feet in resolving disputes with consumers for service issues during the pandemic.
Dave Uejio, acting director of the Consumer Financial Protection Bureau, promised to protect veterans from predatory loans and to crack down on companies that improperly garnish stimulus checks or mistreat struggling borrowers.