LendingPractices

U.S. Department of Justice Wraps Up Investigation into Auto Financing Practices

1 month ago

The U.S. Department of Justice (DOJ) has officially concluded its investigation into the auto financing business practices of a prominent financial services company. This decision marks a significant moment in a case that has drawn considerable attention from regulators and the public alike. The investigation, which had been ongoing, focused on allegations related to the company’s lending practices and their compliance with federal consumer protection laws.

Growing Concerns Among Americans About Loan Approval Rejections

2 months ago

Recent findings reveal a troubling trend as an increasing number of Americans express apprehension about the possibility of being denied loans. As financial institutions tighten their lending practices amidst fluctuating economic conditions, potential borrowers are becoming increasingly aware of the challenges they may face in securing financing for homes, vehicles, and other personal needs.

Rocket Mortgage Takes Legal Action Against HUD to Fight Discrimination Claims

6 months ago

In a significant legal development, Rocket Mortgage has initiated a lawsuit against the U.S. Department of Housing and Urban Development (HUD), seeking the dismissal of allegations claiming discrimination in its lending practices. The lawsuit was filed in the U.S. District Court for the Eastern District of Michigan and underscores Rocket Mortgage's commitment to defending its reputation against what it considers "meritless" accusations.