Monthly Archives: September 2016

2015 HMDA Data Now Available – Minority Mortgage Lending Shows Improvement

On September 29, 2016, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of 2015 mortgage lending data submitted in compliance with the Home Mortgage Disclosure Act (HMDA). This database of mortgage activity is relied upon by regulators, examiners, academics, industry leaders, and members of the general public to analyze the performance of mortgage lenders with [...]

September 30th, 2016|

DOJ, Texas Bank Reach Settlement on Alleged Pricing Discrimination in Auto Lending

On September 28, 2016, the Department of Justice (DOJ) announced a settlement with Charter Bank of Corpus Christi, Texas related to allegations of discriminatory lending practices on the basis of national origin. The complaint alleges that, from the beginning of 2009 through the second quarter of 2014, Charter Bank "charged hundreds of Hispanic borrowers higher interest [...]

September 29th, 2016|