A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused of discouraging Black applicants.

U.S. District Judge Franklin Valderrama ruled that allowing the CFPB to unwind the deal, finalized last year, “would erode public confidence in the finality of judgments” and open “a Pandora’s box.” He said such a move would imply that any new administration could revisit and nullify prior settlements simply because it disagrees with the original decision.

“Presumably, CFPB launched the lawsuit after it determined details ⇒

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