Trump consumer finance watchdog ends key civil rights-era anti-discrimination protection - Reuters
Trump consumer finance watchdog ends key civil rights-era anti-discrimination protection Reuters
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"The ECOA was intended to eradicate discrimination in lending, not encourage new forms of discrimination, which it did under the Biden administration."
— Russell Vought , Politician
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<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxNYTZRVWhiUkViVWZmakhjQ0R0MlRlNUxUcjk4VVlfZlJtWGp0cXhkZjhaMWgxMHdrZGZGZHhqNm8wbVl4dm9mR3FOVnpWSi1lclFOWXR6WVBoRXRLbFprQzVPZFRjYnFLbHJlR2RrYWFKYnh5STJvWG5VM0FPSGpkS2JUUnVqZEhzbFJxRlVUMUh1UVV3N2hLRUdsN2pZRjU5Z1pvTHQzc3Z1NVZJT2l6VTM2TTRtUlZveDhN?oc=5" target="_blank">Trump consumer finance watchdog ends key civil rights-era anti-discrimination protection</a> <font color="#6f6f6f">Reuters</font>
The U.S. Consumer Financial Protection Bureau has formally ended certain civil-rights-era anti-discrimination requirements for the lending industry, following a directive from President Donald Trump to reduce regulatory burdens on businesses. The change removes the requirement for lenders to prevent policies with unintentionally discriminatory results, known as 'disparate impacts', under the 1974 Equal Credit Opportunity Act. Prohibitions against explicit and intentional discrimination remain in place.
The U.S. Consumer Financial Protection Bureau has ended certain civil-rights-era anti-discrimination requirements for the lending industry, following a directive from President Donald Trump to reduce regulatory burdens on businesses. The change removes the requirement for lenders to prevent policies with unintentionally discriminatory results, known as 'disparate impacts', under the 1974 Equal Credit Opportunity Act. Prohibitions against explicit and intentional discrimination remain in place.
The U.S. Consumer Financial Protection Bureau has formally ended certain civil-rights-era anti-discrimination requirements for the lending industry, following a directive from President Donald Trump to reduce regulatory burdens on businesses. The change removes the requirement for lenders to prevent policies with unintentionally discriminatory results, known as 'disparate impacts', under the 1974 Equal Credit Opportunity Act. Prohibitions against explicit and intentional discrimination remain in place.
The U.S. Consumer Financial Protection Bureau has formally ended certain civil-rights-era anti-discrimination requirements for the lending industry, following a directive from President Donald Trump to reduce regulatory burdens on businesses. The change removes the requirement for lenders to prevent policies with unintentionally discriminatory results, known as 'disparate impacts', under the 1974 Equal Credit Opportunity Act. Prohibitions against explicit and intentional discrimination remain in place.
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