In this episode of Commitment Matters, Mary speaks with Rich Horn, Attorney at Garris Horn LLP. You can contact Rich via email.
During their conversation, Rich or Mary mentioned:
- Find CFPB v. Townstone Financial case details and documents online.
- Learn more about Rich’s work and the services his law firm, Garris Horn LLP, offers.
- Rich says the concept of redlining has altered how banks market and determine their operation locations.
- Rich details two fair lending statutes, The Equal Opportunity Credit Act, or ECOA, and the Fair Housing Act, or FHA.
- Other cases illustrate similar discrimination and violations of ECOA and FHA, such as United States v. Chevy Chase Bank, F.S.B.
- It’s important to note the differences between disparate treatment and disparate impact.
- Evidence in these cases is often pulled from HMDA (Home Mortgage Disclosure Act) data, which is publicly published data about the U.S. mortgage market.
- United States v. Cadence Bank is another example case that Rich uses to explain redlining.
- Chevron deference is a law principle previously discussed on Commitment Matters. Rich explains how it’s applied in this case.
- UDAP refers to Unfair, Deceptive or Abusive Acts or Practices.
- Rich brings up a new rule from the CFPB called the Business Loan Data Collection Rule, which will create new HMDA data for small business loan applicants.
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