A coalition of 27 civil rights, community, consumer and other groups challenges CFPB’s consideration of reducing home lending disclosure, a critical tool to stop lending discrimination and hold banks accountable for their record of lending to communities of color and lower income neighborhoods.
“A car is fundamentally important to many Americans ability to get to work and to take care of themselves and their families,” said Rion Dennis, advocacy and legislative strategist, at Americans for Financial Reform. “Congress, and the regulators – including both the CFPB and the FTC – need to take forceful action to end the injustice of people of color being charged more to purchase and drive one.”
Joint Letter: Group Of 13 Organizations Sent a Letter Opposing Eric Dreiband’s Nomination as Assistant Attorney General of the Civil Rights Division at the U.S. Department of Justice
AFR and 12 organizations opposed the nomination of Eric Dreiband to serve as the Assistant Attorney General of the Civil Rights Division at the Department of Justice.
The OCC proposal would dramatically limit the CRA’s effectiveness by distilling the complexity of the different credit needs of varied American communities to one numerical ratio and quantitative benchmarks, and would reduce public participation in the process that is fundamental to moving banks towards greater responsiveness to the needs of diverse customers and communities.
Across parties and regions, American voters believe the government should fight discrimination by financial firms against African-Americans and Latinos in lending.