CFPB v. Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation allegedly engaged in unlawful discrimination against applicants and prospective applicants, including by redlining majority-Black and high-Black areas in the Birmingham MSA and engaging in acts and practices directed at applicants and prospective applicants that would discourage a reasonable person from making or pursuing an application for credit on the basis of race or color in violation of the Equal Credit Opportunity Act, Regulation B, and the Consumer Financial Protection Act of 2010. According to CFPB, Fairway’s conduct may have violated the Fair Housing Act.

Summary generated from official Consumer Financial Protection Bureau press release