Mortgage company faces DOJ redlining charges, agrees to $10M settlement
The DOJ alleges the business discriminated against majority-Black neighborhoods in Birmingham by discouraging residents from applying for mortgages.
Mortgage lender to pay nearly $10M to settle Ala. 'redlining' allegations
Fairway Independent Mortgage Corporation agreed to pay $8 million and a $1.9 million civil penalty to settle allegations of redlining mostly Black neighborhoods in Birmingham, Ala.
DOJ fines mortgage lender Fairway for alleged racial discrimination
The U.S. Justice Department and the Consumer Financial Protection Bureau penalized Fairway Independent Mortgage Corporation for alleged redlining in Black neighborhoods in Birmingham, Alabama, the agencies said on Tuesday,
Madison-based mortgage company will pay over $8M to resolve lending discrimination allegations
Madison-based Fairway is accused of engaging in a pattern of lending discrimination by redlining predominantly Black neighborhoods in Alabama.
Mortgage lender to pay nearly $10M to settle 'redlining' allegations in Black neighborhoods
Oct. 15 (UPI) --Fairway Independent Mortgage Corporation agreed to pay $8 million and a $1.9 million civil penalty to settle allegations of redlining mostly Black neighborhoods in Birmingham, Ala. The Department of Justice Consumer Financial Protection ...
Mortgage company will pay over $8M to resolve lending discrimination allegations
Federal officials say a mortgage company accused of engaging in a pattern of lending discrimination in Alabama has agreed to pay $8 million plus a nearly $2 million civil penalty to resolve the allegations.
Fairway Independent Mortgage, DOJ Reach $9.9M Redlining Settlement
Fairway Independent Mortgage has agreed to pay $9.9 million to resolve allegations the company had engaged in a pattern or practice of lending discrimination involving Black neighborhoods in and around Birmingham,
Mortgage company will pay over $8M to resolve Birmingham lending discrimination allegations
A mortgage company accused of engaging in a pattern of lending discrimination by redlining predominantly Black neighborhoods in Alabama has agreed to pay $8 million plus a nearly $2 million civil penalty to resolve the allegations,
Mortgage lender Fairway to pay $8.9 million for 'redlining' Black neighborhoods
Fairway Independent Mortgage Corporation, the nation's third-largest mortgage lender in 2023, will pay a $1.9 million penalty and $7 million in loan subsid
US penalizes mortgage lender Fairway over racial discrimination
The mortgage lender will pay a $1.9 million penalty and provide $7 million in loan subsidies as a result, the CFPB said in a statement. "This case is a reminder that redlining is not a relic of the past and the Justice Department will continue to work urgently to combat lending discrimination wherever it arises,
Mortgage corporation to pay millions over allegations of redlining Birmingham areas
Fairway Independent Mortgage Corporation (Fairway) agreed to pay $8 million and a $1.9 million civil money penalty.
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Mortgage company to pay over $8M to settle lending discrimination claims in predominantly Black Alabama neighborhoods
A mortgage company has agreed to pay $8 million, along with nearly $2 million in civil penalties, to settle accusations of ...
Fairway to Pay $10 Million to End Birmingham Redlining Probe (1)
Fairway Independent Mortgage Corp. will pay around $10 million to resolve claims from the Consumer Financial Protection ...
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Justice Department secures $8M to address redlining in Black communities in Birmingham
Redlining is an illegal practice by which lenders avoid providing credit services to individuals living in communities of ...
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Fairway agrees to pay nearly $10 million for redlining in Birmingham
The Consumer Financial Protection Bureau and Department of Justice issued a consent order against Wisconsin-based nonbank ...