CFPB Director Rohit Chopra
Stories this photo appears in:
DOJ Initiative Fights Redlining in Cyberspace and the Real World
Former Facebook and City National Bank agree to new operating terms, and investments
As 2023 begins, a key anti-financial discrimination initiative is expanding million-dollar penalties and the kinds of businesses found to violate fair lending laws. The Combatting Redlining Initiative that since 2021 has combined resources and efforts of the Department of Justice (DOJ), Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) is now holding a social media giant as well as another bank accountable for violations of fair credit and lending laws.
