Eric Maxwell

Oct 14, 2024 | lexology.com | Eric Maxwell |Joseph Reilly |Lori J. Sommerfield |Chris Willis

On October 10, the U.S. Department of Justice (DOJ) announced a landmark redlining settlement with Citadel Federal Credit Union (Citadel), marking the first such agreement with a credit union in the DOJ’s history. This settlement, the 14th in DOJ’s Combatting Redlining Initiative since 2021, addresses allegations that Citadel engaged in discriminatory lending practices by redlining predominantly Black and Hispanic neighborhoods in and around Philadelphia.

May 7, 2024 | lexology.com | Eric Maxwell |Ethan G. Ostroff |Elizabeth Briones |Addison Morgan |Thailer Buari |Trey Smith | +1 more

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week:Federal ActivitiesState ActivitiesFederal Activities: On May 1, President Biden announced that he was approving $6.1 billion in student debt cancellation for 317,000 borrowers who attended the Art Institutes.

Nov 29, 2023 | lexblog.com | Eric Maxwell

On November 20, Delaware Attorney General (AG) Kathy Jennings, along with the Consumer Financial Protection Bureau (CFPB) and 11 other states, announced a settlement in excess of $30 million with Prehired LLC and affiliated debt collection companies.