[CFW]

Good for Pacific Legal Foundation in representing this company pro bono! I hope the Seventh Circuit smacks the feds down hard.

[jurroppi1]

At a congressional hearing in March, Rep. Ayanna Pressley (D., Mass.) answered the second question by pointing to Townstone. "I for one am glad the agency took action against discriminatory lending practices," Pressley told the House of Representatives' Financial Services Committee, citing the company's "racist messages." "We need more, not less, of the CFBP."

Nice little nugget there at the very end of the article. What a joke we have as representation in congress.

[jeffc]

Yup. The feds are going after them...

a recommendation that home sellers "take down the Confederate flag." Merely mentioning the flag, the agency argued, could scare off black applicants.

Normal thinking people would feel that showing the Confederate flag would be scare black folk off more than taking it down...

[The Louiswu]

The truth is a terrible thing to some.

[Lockbox]

So much for speaking Truth to Power…..

[I want the USA back]

Shutting down businesses and bringing fear to the folks, disguised as civil rights enforcement.

[logi_cal869]

Well, we can’t have facts impede funneling loans to a demographic that can’t afford them, now can we? /s

[Migraine]

Who even thinks that a radio program about bank lending had more than 5 black listeners?

[Bshaw]

“I hope the Seventh Circuit smacks the feds down hard. “

The CPB has a long and storied history of being bitch-slapped by the courts.

One of those Obama-era creations that just will not die. Banks loathe their existence.

[BobL]

“The offending statements, plucked from five episodes recorded over a three-year period, included a reference to the South Side of Chicago as a “war zone,” as well as a recommendation that home sellers “take down the Confederate flag.” Merely mentioning the flag, the agency argued, could scare off black applicants.”

Kind of hard to fight World War 3 against Russia and China, as the Neocons and their supporters want to do, when you have this crap going on at the same time.

[antidemoncrat]

Totalitarian government beginning?

[Salohcin]

Another example of the totalitarian impulse of the Leftist controlling the federal government.

[DUMBGRUNT]

BUT WAIT!
There is more.

And it only get worse.

“As described in articles in Motor Finance and The Wall Street Journal, the CFPB has been criticized for the methodology it uses to identify instances of racial discrimination among auto lenders. Because of legal constraints, the agency used a system to “guess” the race of auto loan applicants based on their last name and listed address. Based on that information, the agency charged several lenders were discriminating against minority applicants and levied large fines and settlements against those companies. Ally Financial paid $98 million in fines and settlement fees in 2013. As the agency’s methodology means it can only guess who may be victims of discrimination entitled to settlement funds, as of late 2015, the CFPB had yet to compensate any individuals who were victims of Ally’s allegedly discriminatory practices?

https://en.wikipedia.org/wiki/Consumer_Financial_Protection_Bureau