CFPB files lawsuit against Chicago-based Townstone Financial for alleged discriminatory lending practices
The Consumer Financial Protection Bureau (CFBP) on Wednesday filed a lawsuit against Townstone Financial Inc., a Chicago-based nonbank retail-mortgage creditor.
CFPB’s complaint alleges that Townstone violated the Equal Credit Opportunity Act (ECOA) and Regulation B by engaging in discriminatory mortgage-lending practices and that those violations also constituted violations of the CFPA, the Consumer Financial Protection Act.
https://www.google.com/amp/s/www.housingwire.com/articles/cfpb-files-lawsuit-against-chicago-based-townstone-financial-for-alleged-discriminatory-lending-practices/amp/
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