daca

Lawsuit filed in CA federal district court alleges unlawful discrimination based on credit union’s denial of loan application from DACA recipient

By John L. Culhane, Jr. on March 31, 2022

Posted in Fair Lending, Litigation and Court Decisions

In a new lawsuit filed in a California federal district court, a recipient of Deferred Action for Childhood Arrivals (DACA) alleges that a credit union violated the Civil Rights Act of 1866 (42 U.S.C. § 1981) and California’s Unruh Civil Rights Act (UCRA) by denying her loan application based on her status as a DACA recipient.… Continue Reading

Supreme Court invalidates DHS Rescission of DACA Program: Implications for Payday Lenders

By Ballard CFS Group on June 25, 2020

Posted in Litigation and Court Decisions, Payday Lending

In an opinion authored by Chief Justice Roberts (the “DACA Opinion”), the Supreme Court has concluded that the rescission of the DACA program by the U.S. Department of Homeland Security (DHS) was arbitrary and capricious and hence in violation of the Administrative Procedure Act (APA). Several clients have asked whether the decision bodes ill for the CFPB’s anticipated rescission of the mandatory underwriting (that is, ability to repay) provisions of its payday lending rule.… Continue Reading

HUD says “no” to DACA recipients

By Richard J. Andreano, Jr. on June 13, 2019

Posted in HUD, Mortgages, Regulatory and Enforcement

For some time the mortgage industry, without success, has asked the US Department of Housing and Urban Development to provide a clear answer to the question of whether Deferred Action for Childhood Arrival (DACA) recipients are eligible for FHA loans. HUD finally provided a clear answer in responding to an inquiry from Representative Pete Aguilar (D-CA): “DACA recipients remain ineligible for FHA loans.”… Continue Reading