Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

News of the Competition (08/11/2014)
  • WASHINGTON (8/11/14)-- The mortgage arm of Fifth Third Bank, a regional banking corporation located in Cincinnati, has agreed to pay $1.5 million to settle allegations of engaging in a pattern of discrimination based on disability or the receipt of public assistance ; infractions that are in violation of the Fair Housing Act and the Equal Credit Opportunity Act ( Aug. 8). In addition to the dollar amount, the bank also will maintain revised lending policies and conduct employee training related to its underwriting practices. "Today's announcement holds lending institutions accountable for their actions, and is a reminder that every American has the right to apply for a home loan and live in the community of their choice," said Gustavo Velazquez, assistant secretary of the U.S. Housing and Urban Development's Office of Fair Housing and Equal Opportunity...

RSS print
News Now LiveWire
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn
1 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System
2 hours ago
New offices mean moving sale at @TheKCUA
3 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
4 hours ago
How #creditunions use FHLBs in their operations, Part 3 #NewsNow #System
6 hours ago