Great discussion on the last day of the Wolters Kluwer #CRAfairlending Colloquium. My colleague Ken Scott and DOJ civil rights attorneys Jennifer Slagle Peck and Jon Seward delivered excellent insights on what DOJ redlining consent orders can teach lenders about how to avoid redlining risk and proactively reach the communities they serve.
关于我们
Win-Win Solutions, LLC is dedicated to helping all lenders transform redlining risk into valuable opportunities. Jon Seward was the Principal Deputy Chief in the Housing Section of the Civil Rights Division, United States Department of Justice, where he conceptualized and led the Combating Redlining Initiative until he retired in 2023. Government officials and members of the fair lending defense bar highly respect him. His experience has given him an expert perspective on redlining risk and achieving win-win solutions. In short, he is the perfect person to help you navigate redlining issues. Redlining risk is at an all-time high! In October 2021, the DOJ launched its Combating Redlining Initiative - the federal government's most aggressive and coordinated effort to combat redlining. Since launching this Initiative, the DOJ has resolved 13 cases with monetary relief exceeding $122 million. Since 2015, DOJ and CFPB have partnered on four redlining cases with relief exceeding $50 million and civil money penalties totaling $17.5 million. There is unprecedented coordination with the United States Attorney's Offices nationwide, with state attorneys general and other government agencies. Fair lending referrals to the DOJ from financial regulatory agencies have increased and will continue to grow. Private plaintiff attorneys have resolved redlining claims and sometimes filed lawsuits.
- 网站
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https://www.winwinsolutions.llc
Win-Win Solutions的外部链接
- 所属行业
- 商务咨询服务
- 规模
- 2-10 人
- 总部
- Fort Washington，Maryland
- 类型
- 私人持股
- 创立
- 2024
- 领域
- Redlining Risk、Fair Lending、Fair Housing 、Lending Risk、Lending Consulting、Lending Training、Redlining Training、Bank Training and Development、Community Development、Lending Risk Assessment和Redlining Risk Assessment
地点
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主要
获取路线
US，Maryland，Fort Washington，20744
Win-Win Solutions员工
动态
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Civil Rights Attorney | Partner at Relman Colfax | Fair Lending and Consumer Protection Expert | Advocate for Racial and Financial Equity
Great catching up with Maurice Jourdain-Earl and Jon Seward at the Wolters Kluwer Colloquium.
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Compliance Consulting | Fair Lending Expert | Public Speaker | Best-Selling Author
Here are my top 3 takeaways from an incredible start to the Wolters Kluwer's 2024 CRA & Fair Lending Colloquium! ? Yesterday, I had the privilege of crossing off a professional bucket list item, presenting on the national colloquium stage! ? I was honored to moderate a panel of absolute rock stars which made my job easy. ? A big thank you to Jon Seward, Varda Hussain, and Monica Palmeira for an incredible discussion! ? We explored the crucial topics of redlining and blue lining, initiating meaningful dialogue around equity and access. ? Here are my top three takeaways from our discussion: ? 1?? Blue lining: This occurs when areas affected by climate change are excluded from access to financial products like loans and insurance. These areas often overlap with low-income and predominantly communities of color, compounding inequities. ? 2?? Redlined communities: Despite historical challenges, these communities present incredible opportunities for growth, if lenders are willing to step up, invest, and truly put in the work. ? 3?? Combatting redlining initiatives: This important work is deeply entrenched in the efforts of state Attorneys General and federal agencies, making sure the work keeps moving forward through political changes. ? A heartfelt thank you to my panelists for an engaging and impactful conversation. ? The work we’re doing matters and I’m so inspired by everyone here committed to driving change. ? If you're at the colloquium, come say hi!? ? #fairlendingguru #cracolloquium ************************ My goal is to end discrimination in the banking industry.
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Fair Lending Expert | Training Lenders, Regulators, Examiners, and Community Housing Groups on fair lending software and compliance. | Customer Success | Marathon Runner (17 x 26.2) ?? (1 x 50K) | Vegan Athlete ??
Connecting with industry legends at the CRA Fair Lending Colloquium in Orlando, FL. Ken Thomas Jon Seward, Win-Win Solutions Maurice Jourdain-Earl, ComplianceTech #fairlending #cra
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The DOJ's recent settlements with Citadel Federal Credit Union and Fairway Independent Mortgage Corporation represent key?milestones?in the Combatting Redlining Initiative, marking the 15th settlement in the past three years,?and surpassing $150 million in relief funding. These cases continue to emphasize the importance of fair lending compliance and training. With redlining cases dominating the fair lending landscape,?you can?have?Jon Seward, the architect of DOJ’s Combating Redlining Initiative, provide your company with specialized redlining training and risk mitigation strategies.?Visit us at www.winwinsolutions.llc to schedule your training. #FairLending #Redlining #LeadershipTraining #ComplianceManagement
The Justice Department and Consumer Financial Protection Bureau (CFPB) announced today that Fairway Independent Mortgage Corporation (Fairway) has agreed to pay $8 million and a $1.9 million civil money penalty to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining predominantly Black neighborhoods in and around Birmingham, Alabama. Redlining is an illegal practice by which lenders avoid providing credit services to individuals living in communities of color because of the race, color, or national origin of residents in those communities. With this settlement, the Justice Department’s Combating Redlining Initiative surpassed $150 million in relief for communities of color nationwide that have experienced lending discrimination. This settlement marks the Justice Department’s 15th redlining settlement in three years. Under the Combating Redlining Initiative, the Department has secured a historic amount of relief that is expected to generate over $1 billion in investment in communities of color in places such as Houston; Memphis; Los Angeles; Philadelphia; and Birmingham. “This settlement, and the over $150 million in relief the Justice Department has secured for communities across the country through our Combating Redlining Initiative, will help to ensure that future generations of Americans inherit a legacy of home ownership that they too often have been denied,” said Attorney General Merrick B. Garland. “This case is a reminder that redlining is not a relic of the past, and the Justice Department will continue to work urgently to combat lending discrimination wherever it arises and to secure relief for the communities harmed by it.” Read more: https://lnkd.in/g7yM9Z_h
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This recent settlement is a reminder of the critical importance of proactively addressing potential redlining risk. DOJ’s Combating Redling Initiative resolved its 13th case since 2021, with monetary relief exceeding?$137 million. Lenders face increased oversight with the coordinated efforts between DOJ, CFPB, HUD, and state Attorneys General offices. With coordinated investigations on the rise, Win-Win Solutions is focused on providing fair lending training and risk assessments to transform growing risks into valuable opportunities. #FairLending #RiskMitigation #RiskTraining #RedliningAssessment #LendingInvestigation
Justice Department and Department of Housing and Urban Development Secure Over $15M from OceanFirst Bank to Resolve Redlining Claims in New Jersey https://lnkd.in/g4pT-MRs
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Had a wonderful time speaking to CRA and fair lending professionals about redlining, undrerwriting and appraisals during the “Fair Banking and the CRA” webinar hosted by CRA Today. It was a pleasure presenting along with Tory Haggerty CRCM, CAFP, CBAP, CCBCO, GROL, FLE. Grateful to Linda Ezuka for the invitation and her leadership on these issues. #FairLending #FairBanking #CRA #Redlining #Underwriting #Appraisals
One of the best parts of the CRA Hub ... When we have asked our most seasoned members what they find most valuable in the CRA Hub, we consistently heard "the guest speakers!". That's because we don't just feature speakers, we feature partners in CRA work; experts with deep experience in the compliance industry. This month, we had the privilege to partner with two fair lending experts for our Hub training. Jon Seward, a retiree from the Department of Justice where he spent his career is ensuring that tens of thousands of people have obtained equal access to credit. Jon now leads Win-Win Solutions, dedicated to helping lenders mitigate fair lending risk and expanding homeownership opportunities in communities of color. Tory Haggerty CRCM, CAFP, CBAP, CCBCO, GROL, FLE?is a fair lending expert, who assists organizations in navigating the challenging world of regulatory compliance and promoting fair lending practices. Tory has authored?Unfair Lending?and?Thick Red Line. Thank you, gentlemen, for supporting our Hub'rs with their important work in the world! With training, insights, and access like this ... wouldn't you like to be a Hub'r too?!
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Two weeks ago, we enjoyed robust discussions about navigating fair lending and CRA challenges at Asurity's Fair Lending Forum. Founder and President, Jon Seward, emphasized the importance of taking proactive steps to mitigate risk. With redlining enforcement actions at an all-time high, there is no better time to assess your risk proactively. At Win-Win Solutions, we are committed to helping lenders transform that risk into profitable opportunities. #FairLending #CRA #Redlining #ProactiveSolutions #WinWinOpportuinities #AsurityConference
Continuing the CRA discussion. We have another view with "Special Topics in CRA" featuring Andy Sandler, Jesse Van Tol and Jon Seward. The discussion begins with the thought that both sides of the CRA debate have meaning and we should listen to what each sides concerns are, for instance the topic of overdraft fees. Where do you stand in the debate? #2024FLF #RiskExec
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Dr. King was committed to fighting for economic justice and ensuring that all communities of color can access the American dream of homeownership. The anniversary of the passage of the Fair Housing Act is the perfect time to launch Win-Win Solutions, embodying Dr. King’s vision of lenders, borrowers, and community groups coming together to create economic opportunities.?
I’m proud to share that today on the 56th anniversary of the passage of the Fair Housing Act, I am launching my company Win-Win Solutions, dedicated to helping lenders mitigate fair lending risk and expanding homeownership opportunities in communities of color. https://lnkd.in/e3nX-AcP
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Gearing up for the launch of Win-Win Solutions, President and Founder Jon Seward just had the privilege of speaking at the Consumer Bankers Association Live 2024 conference, sharing insights on navigating redlining risk. For more information about the CBA Live 2024 Conference and hot topics for bankers, check out the agenda https://lnkd.in/edpFJmPR #RedliningRisk #FairLending #WinWinSolutions #BankingInsights #CBALive2024 #FutureofBanking #BankingProfessionals #RegulatoryCompliance #CommunityDevelopment
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