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CFPB and DOJ Settle Redlining Claims Against Non-Depository Mortgage Companies Before Change in Administration

January 20, 2025 RATA Associates 14 min read
CFPB and DOJ Settle Redlining Claims Against Non-Depository Mortgage Companies Before Change in Administration

Why Redlining Risk Should Continue to Be a Focus During the Next Administration In the lead-up to the change in administration, the CFPB and DOJ have settled redlining claims against non-depository mortgage companies.  On January 17, 2025, the CFPB settled redlining claims against a non-depository mortgage company, Draper & Kramer Mortgage Corporation, based on activity from 2019 to 2021 in the Chicago-Naperville-Elgin and Boston-Cambridge-Newton metropolitan statistical areas (Chicago and Boston MSAs, respectively).  The CFPB's settlement includes a $1.5 million civil money penalty and a prohibition against the company from engaging in any residential mortgage lending activities for five years.   The week prior, on January 7, 2025, the Department of Justice (DOJ)…

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