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A former employee of The Change Company, which is the largest non-traditional mortgage lender in the U.S., claims in a new lawsuit that the firm mischaracterized the race, ethnicity and income of its borrowers. The company says the allegations, which relate to the representations it makes to be certified as a community development financial institution, are meritless.
June 23
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A second bill formally making it a felony only passed one house of the state legislature.
June 21
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The Ohio-based giant is barred from accessing documents allegedly stolen when employees hopped from one firm to the other.
June 16
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The legal proceedings, which began in 2012, claim that Quicken Loans, now Rocket, inflated the appraisal value of 2,769 properties refinanced from 2004 to 2009 in West Virginia.
June 15
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Homebuilders are among plaintiffs seeking a halt to the Federal Emergency Management Agency's overhaul.
June 13
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A West Virginia homeowner is suing the banking giant for charges incurred when paying by phone, claiming breach of contract and violation of consumer protection laws.
June 9
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Approximately 800 employees are eligible to receive compensation from the agreement which has yet to be approved by a federal judge, an attorney said.
June 6
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The Consumer Financial Protection Bureau issued only 20 enforcement actions in 2022, but some observers say the enforcement numbers belie the results that director Rohit Chopra is getting from other ways of holding companies accountable.
June 5
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A pension fund looked to impose a fiduciary duty regarding a mortgage securitization instrument, but a federal judge said no.
June 5 -
A former mortgage underwriter who sought health-related accommodations claims he was fired over a probe the firm conducted while he was on leave.
June 5
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A supervisor allegedly diverted loan assignments from the team's two Black workers to non-Black employees, depriving them of income and performance metrics.
June 1
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Suits were filed two months apart by landlords in Florida and Missouri.
May 26
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Housing market players navigated big changes, and controversy, as the spring market moved forward.
May 26
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The New York State Department of Financial Services found the company failed to adequately protect itself from data breaches. Since 2018, OneMain has suffered multiple cybersecurity incidents.
May 25
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Attorneys for the wholesale giant deny its hiring agreements are unlawful, and have floated settlement terms with the National Labor Relations Board.
May 17
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The case involves a house seized for a tax debt — but the state pocketed the profits.
May 16
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Grand View Financial promised vulnerable homeowners debt payoff assistance, but its clients all ended up losing their properties.
May 16
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Plaintiffs could amend certain allegations related to the bank suspending some payments without permission, but the judge dismissed others outright.
May 8
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Jesse Iwuji Motorsports claims Equity Prime Mortgage backed out of a multimillion-dollar commitment after it was hit with a margin call last fall.
May 8
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The case involved unsolicited calls made by the lender over a five-year period beginning in late 2017 affecting more than 140,000 consumers.
May 2
