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DOL accuses PrimeLending of violating whistleblower provisions

Housing Wire

According to the DOL, they must pay $35,000 in emotional damages and the legal fees of the two employees who reported consumer fraud concerns. In July 2023, company executives told HousingWire that they were expanding their market share by growing their existing footprint in a margin-thinning environment.

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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. More recently, Patriot Bank paid $1.9 Create internal alignment.