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In October 2021, DOJ launched its Combating Redlining Initiative - the federal government's most aggressive and coordinated effort to combat redlining.
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Since launching this Initiative, DOJ has resolved 12 cases with monetary relief exceeding $122 million.
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Since 2015, DOJ and CFPB have partnered on four redlining cases with relief exceeding $50 million and civil money penalties totaling $17.5 million.
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There is an unprecedented level of coordination with United States Attorney’s Offices around the country, State Attorneys General and other government agencies.
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Fair lending referrals to DOJ from financial regulatory agencies have increased and will continue to increase.
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Private plaintiff attorneys have resolved redlining claims and sometimes filed lawsuits.
WIN-WIN SOLUTIONS
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. He is highly respected by government officials as well as by members of the fair lending defense bar. His experience has provided him with an expert perspective on navigating redlining risk and achieving win-win solutions. In short, he is the perfect person to help you navigate redlining issues.
Costs of Redlining are Expensive and Far-Reaching
Legal defense expenses can be exorbitant
Legal defense fees can be exorbitant
Reputational injury from press releases alleging discrimination
Benefits of Mitigating Redlining Risk
Increasing business opportunities and profits
Strong compliance management system
Expanding homeownership opportunities
Increased morale of workforce and decreased attrition
Valuable community partnerships
Positive CRA Impact
Attrition of valued employees to companies with less risk
Increased regulatory scrutiny while under investigation or consent order
Lost expansion / merger opportunities
Impact on CRA rating
What Win-Win Solutions Can Do For You
Receive Comprehensive Redlining Risk Assessment
Transform Risk Into Opportunity
Expand Borrower Reach and Community Network
Mitigate Legal Fees and Mandatory Consent Orders
Understand Holistic Perspective Internally and Externally
Receive Industry Best Practices and Training for Staff
Win-Win Solutions Story
A Conversation with
President, Jon Seward, on the Win-Win Solution's philosophy, his experience and why being proactive is the key to success.
THE KEY TO SUCCESS IS
TAKING PROACTIVE MEASURES
"While these past two years represent a prolific period of redlining enforcement for the Justice Department, I also want to underscore that we have closed investigations without enforcement action when it is clear that the lender promptly addressed risk that it or its regulator identified – not as a reaction to an imminent referral to the Justice Department – but because the institution was proactive in its efforts to do better."
- Assistant Attorney General, Kristen Clarke on 11/13/23
CONTACT US
To get in touch, please call or email us:
202-960-0135 | LetsWin@winwinsolutions.llc
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