The Consumer Financial Protection Bureau (CFPB) on Tuesday ended some lending industry antidiscrimination requirements that have long protected different demographics’ access to credit, loans and home ownership. Under the newly approved rule, lenders are no longer required to adhere to the 1974 Equal Credit Opportunity Act (ECOA). The law prevented disparate impact discrimination, which occurs…
Politics
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CFPB ends some lending industry antidiscrimination requirements
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CitrixNews Staff
Originally reported by The Hill. Read the full story at the original source.
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