CFPB and DOJ: Lenders Are Liable for Appraisal Discrimination

consumer financial protection bureau (CFPB) and US Department of Justice (DOJ) announced Monday that they filed a “statement of interest to explain the Fair Housing Act (FHA) and Equal Credit Opportunity Act (ECOA) applications of lenders who rely on discriminatory home appraisals.” The statement of interest was filed in a lawsuit, Connolly, et al. V. […]