Apr 19th 2012 4:45PM
The Consumer Financial Protection Bureau has announced its intention to crack down on discrimination by lenders against women and minorities. On Wednesday the agency -- a centerpiece of President Barack Obama's attempt to reform the nation's financial system -- sent a letter to lenders, which it called "Fair Notice on... Continue Reading »
Feb 24th 2012 1:48PM
Qualifying for a loan in today's tight credit market is hard. But add race to the mix, and a borrower's odds can go from bad to worse, a new report suggests. In a study of loans created on Prosper.com, a peer-to-peer lending website where applicants are encouraged to include a personal photo, researchers found that black... Continue Reading »
Dec 21st 2011 5:20PM
Attorney General Eric Holder announced one of the biggest fair-lending settlements in U.S. history with Bank of America agreeing to pay $335 million to settle complaints levied against Countrywide Financial Corp. by the Department of Justice. During a press conference Wednesday, Holder said that his office investigated... Continue Reading »
