Links in “Discriminatory Practices/Disparate Impact”

In 2013, banks made twice as many mortgages to whites as they did to African-Americans, even though the African-American population of Baltimore is twice that of whites, according to a report to be released by a consumer advocacy group. [11/18/15]

Department of Justice official finds that lack of credit in affected communities is the root cause of civil unrest across the country. [11/12/15]

It pays to be popular. Dr. Bernard Siskin, the CFPB's go-to expert in disparate impact, is also the go-to expert of many major banks. His firm has received more than $1 million since 2012 from the CFPB alone. [9/29/15]

The CFPB and DOJ hit Fifth Third Bancorp for an $18 million settlement over the dealer markup rate minority borrowers were charged compared to white borrowers for car loans. The bank says it has no way of knowing the ethnicity of borrowers whose loans are submitted by auto dealers. [9/29/15]

The DOJ/CFPB's complaint alleges the Hudson City Savings Bank opened branches around, but not in, counties with the highest proportions of minority neighborhoods, generated 80% of mortgage applications outside minority areas, marketed around minority neighborhoods, excluded minority neighborhoods from its assessment area, and paid too little attention to fair lending compliance. [9/28/15]

Fair housing will be getting some increased attention in Washington, D.C. next month when HUD hosts a conference called "A Call to Advance Housing Rights and Opportunities." Disparate impact is expected to be a key topic of discussion. [8/27/15]

Half a year after lowering mortgage insurance premiums in an effort to entice more minorities and first-time buyers into the housing market, a report shows no movement for the two groups compared to a year earlier. [8/14/15]

World Acceptance Corporation, which extends small-dollar loans to individuals, then refinances them multiple times, has acknowledged that it is under investigation by the CFPB. Also see this earlier story on the CFPB's two-part investigation. [8/14/15]

Although the CFPB does not have authority under the Americans with Disabilities Act, the agency is sending signals that it may be heading that way when it comes to how veterans with service-connected disabilities are being treated financially. [8/3/15]

A South Dakota property owner was charged with discrimination for refusing to allow a resident with disabilities the use of his wheelchair in the apartment. This charge will be taken to court and damages will be paid based on the judge’s decision. [8/3/15]