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CFPB and Townstone Fight $105K Settlement Over Free Speech

4/23/2025

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Summary

Story summary

On March 26, 2025, the Consumer Financial Protection Bureau (CFPB) and Townstone Financial Inc. sought to overturn a $105,000 settlement, labeling the lawsuit as unfounded. The CFPB's investigation uncovered that the case infringed on Townstone's First Amendment rights, as the company had consistently denied allegations of discrimination since the initial lawsuit in 2017.

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Story summary

On March 26, 2025, the Consumer Financial Protection Bureau (CFPB) and Townstone Financial Inc. sought to overturn a $105,000 settlement, labeling the lawsuit as unfounded. The CFPB's investigation uncovered that the case infringed on Townstone's First Amendment rights, as the company had consistently denied allegations of discrimination since the initial lawsuit in 2017.