Consumer Reports letter urging the CFPB not to weaken fair lending protections for consumers

Letter from Consumer Reports to the Consumer Financial Protection Bureau urging the Bureau not to weaken long-standing and essential elements of the Equal Credit Opportunity Act’s fair lending framework. CR’s letter highlights how the the CFPB’s proposed removal of disparate-impact liability, the narrowing of discouragement protections, and the substantial restrictions on Special Purpose Credit Programs risk undermining decades of progress in combating discrimination in lending.

 

 

 

 

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