Borrower’s Class Claims Of Racially Discriminatory Loans Dismissed By Federal Judge

(October 11, 2023, 7:51 PM EDT) -- CHICAGO — A mortgagor who accuses a lender of charging Black borrowers higher interest rates and fewer credits to lower closing costs than what is offered to white borrowers failed to state plausible claims for racial bias, a federal judge in Illinois ruled, granting the lender’s motion to dismiss the putative class complaint with leave to amend....