CFPB, DOJ file discriminatory lending complaint against National City Bank

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National City Bank will pay $35 million to settle a complaint brought by the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) alleging that the bank discriminated against African-American and Hispanic borrowers by charging them higher mortgage interest rates compared to similarly creditworthy white borrowers.

The Justice Department and Consumer Financial Protection Bureau (CFPB) filed a consent order today to resolve allegations that hudson city savings bank (Hudson City) engaged in a pattern or practice of "redlining" predominantly Black and Hispanic neighborhoods in its residential mortgage lending practices.

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CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing. Added on December 23, 2013. WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) filed a joint complaint against National City Bank for charging higher prices on mortgage loans to African-American and Hispanic borrowers than similarly creditworthy.

– Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced a joint action against Hudson City Savings Bank for discriminatory redlining practices that denied residents in majority-Black-and-Hispanic neighborhoods fair access to mortgage loans. The complaint filed by the CFPB and DOJ alleges that Hudson City illegally provided unequal access to credit to neighborhoods in New York, New Jersey, Connecticut, and Pennsylvania.

On June 29, the Consumer Financial Protection Bureau (CPPB) and Department of Justice (DOJ) announced a joint enforcement action against a regional bank for alleged discriminatory mortgage lending in violation of the Equal Credit Opportunity Act (ECOA) and the Fair housing act (fha), filed in the District Court for the Northern District of Mississippi.

Back. Added on December 23, 2013. WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) filed a joint complaint against National City Bank for charging higher prices on mortgage loans to African-American and Hispanic borrowers than similarly creditworthy white borrowers between the years 2002 and 2008.

firm stand against discrimination in a critical lending market," said Attorney General. of characteristics such as race and national origin. The CFPB and DOJ’s coordinated investigation concluded that Ally violated the ECOA. For auto loan questions or to submit a complaint, consumers.

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