CFPB to appeal its loss on redlining lawsuit against Townstone
Housing Wire
APRIL 4, 2023
The Consumer Financial Protection Bureau (CFPB) will appeal a redlining lawsuit it lost against the nonbank retail lender Townstone Financial Inc. and its founder Barry Sturner. The decision comes two months after Judge Franklin Valderrama in the U.S. District Court for the Northern District of Illinois, Eastern Division, ruled in favor of Townstone and Sturner on a motion to dismiss with prejudice the redlining lawsuit. “The Bureau seeks review of a final judgment entered by the district
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