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Nonilex

I thought they were trying to save money 🤔

Under , the Bureau has dropped nearly a dozen enforcement cases brought during the admin, ending lawsuits against & for a variety of financial practices that the agency no longer considers .

But on Wed, the bureau went a step further: It is seeking to GIVE BACK $105k that a lender paid to settle claims….


nytimes.com/2025/03/26/busines

Russell Vought, the acting director of the Consumer Financial Protection Bureau, criticized the case against Townstone Financial, which the agency had brought during President Trump’s first term.
The New York Times · Consumer Bureau Seeks to Undo Settlement and Repay Mortgage LenderBy Stacy Cowley
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Nonilex

In an especially strange twist, the case — against , a small Chicago-based lender — was brought during ’s first term by Kathleen Kraninger, the director he appointed to run the .

, who became the agency’s acting director last month, said it had “used radical ‘’ arguments to tag Townstone as with zero evidence, & spent years persecuting & extorting them.”

#law#USpol#WhiteSupremacy
Nonilex

…The case began in 2020 when the accused Townstone of & breaking fair-lending laws by discouraging residents living in majority- neighborhoods from applying for its . It homed in on comments made during the company’s radio show & podcast, “The Townstone Financial Show,” saying they were intended to rebuff Black borrowers or those seeking to buy homes in certain neighborhoods.

#law#USpol#WhiteSupremacy
Mar 27, 2025, 03:57 PM·Public·Mastodon for iOS
9boosts·7favorites
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notthatkindofdoctor

@Nonilex
Now I know the name of a white supremacist lender that I can avoid and advocate against, since we can't expect the fed to punish them at all. Start Nazifying them in public like Tesla and see what happens.

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