Monthly Archives: March 2019

Facebook Changes Ad Policies to Address Fair Lending, Housing Concerns

On March 19, 2019, Facebook announced the latest changes to its policies in response to regulatory concerns regarding its advertising platform. This platform allows advertisers to screen for prospective customers based on their demographics, interests and other attributes. Such targeting offers businesses the opportunity to enhance the performance of their advertising campaigns by focusing on [...]

March 21st, 2019|

OCC Fines Citibank for FHA Violations

On March 19, 2019 the OCC announced $25 million in civil monetary penalties against Citibank, N.A. (Citibank) related to Fair Housing Act (FHA) violations. As reported in October 2019, Citibank was under scrutiny by regulators for its “relationship pricing” program. Under this program, the bank offered mortgage interest rate and closing cost discounts to customers [...]

March 20th, 2019|

Liberty Bank Settles in Lawsuit Alleging Discriminatory Lending

Liberty Bank, based in Middletown, CT, has agreed to invest millions to make banking services and loans more available to people of color after settling a lawsuit that alleged the Middletown-based company was discriminating against minorities.  The agreement comes after the Connecticut Fair Housing Center and the National Consumer Law Center last fall filed a lawsuit [...]

March 8th, 2019|