Justice Department and CFPB Secure $8 Million Settlement with Fairway Independent Mortgage for Redlining in Birmingham
The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) announced today that Fairway Independent Mortgage Corporation has agreed to an $8 million settlement, alongside a $1.9 million civil penalty, to resolve allegations of discriminatory lending practices. The settlement addresses claims that Fairway engaged in redlining predominantly Black neighborhoods in and around…