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The lender allegedly discouraged residents of Black-majority neighborhoods from applying for mortgages. Fairway said the complaint “appears to be intentionally inflammatory in nature.”| Banking Dive
In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.| Banking Dive
The bureau identified the redlining case against Townstone Financial as “abusive” and “unjust” and plans to make the company whole by returning the $105,000 penalty it paid.| Banking Dive
An internal Consumer Financial Protection Bureau memo says the agency will shift enforcement and supervisory work to the states and cease oversight of all nonbanks and Big Tech firms.| American Banker