predatory lending

Federal officials say a mortgage company accused of engaging in a pattern of lending discrimination in Alabama has agreed to pay $8 million plus a nearly $2 million civil penalty to resolve the allegations. The U.S. Department of Justice alleges mortgage lender Fairway illegally redlined Black neighborhoods in Birmingham.

A coalition of groups is pushing legislation to place tighter regulations on payday and title loans, including limiting interest to 36 percent annually.…