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Podcast: Lykken on Lending
Episode: The Townstone Financial Case: CFPB, ECOA, And Fair Lending With Mitch Kider Of WBK Firm
Description: The Townstone Financial Case is the second suit against the CFPB (Consumer Financial Protection Bureau), which has been aggressively pursuing redlining claims against independent mortgage bankersover the past couple of years. This time, it lost, and this landmark case gives us key takeaways on just how much power should be in the hands of the CFPB and how do we know it is already overstepping its bounds. Joining the show to explain the case is Mitch Kiderof the WBK Firm. Mitch believes that the Townstone Financial Case is an important one from an administrative law perspective because it clearly...