CFPB’s Attempted Rollback on Redlining Settlement Denied by Judge — RISMedia

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon.

– The CFPB’s motion to vacate a settlement in a redlining case against Townstone Financial was denied by a Chicago federal judge, as reported by Reuters. The decision came after Trump administration officials said they wanted “redress” for Townstone as it had been “baselessly persecuted without evidence.” Judge Franklin Valderrama did not agree with this sentiment, saying that reversing the CFPB’s actions would be “an act of legal hara-kiri that would make a samurai blush.” 

The Trump administration appears to be targeting more redlining cases in order to overturn previous…