Fair housing groups file lawsuit arguing a federal rule change removes protections for minorities
Fair housing groups have filed a lawsuit challenging a recent federal rule change that they argue undermines protections against discrimination in lending. The lawsuit claims the change will disproportionately harm minorities and make it easier for lenders to target predominantly white neighborhoods. Plaintiffs are seeking to have the rule vacated, asserting it violates established legal standards and procedures.
- ▪Fair housing organizations filed a lawsuit against a federal rule change by the Consumer Financial Protection Bureau.
- ▪The rule change eliminates the requirement for lenders to consider 'disparate impact' in their lending practices.
- ▪Plaintiffs argue that the change will lead to increased discrimination against Black people, Latinos, and other minorities.
Opening excerpt (first ~120 words) tap to expand
Fair housing organizations filed a lawsuit Wednesday over a federal rule change that they say would reverse decades of lending protections and open the door to discrimination against Black people, Latinos and other minorities. The federal lawsuit, filed in Washington, D.C., takes aim at a change made earlier this year by the Consumer Financial Protection Bureau to the Equal Credit Opportunity Act, which bars lenders from discriminating against credit applicants. Among the changes being challenged is that lenders will no longer have to consider “disparate impact” - policies that appear neutral but tend to cause disproportionate harm to certain groups.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Washington Times.
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