Americans for Financial Reform Education Fund filed an amicus brief in the 5th Circuit. View or download a PDF of the brief here.

Americans for Financial Reform recently joined several consumer protection organizations in an amicus brief in Chamber of Commerce v. CFPB, which was filed by Democracy Forward in the 5th Circuit in August 2024. This brief supports the CFPB’s 2022 clarification in its Supervision and Examination Manual that “discriminatory acts or practices” in the provision of financial services may be “unfair” under the Dodd-Frank Act. The brief asks the 5th Circuit to reverse the judgment of the district court, and hold that the CFPB has statutory authority to consider discriminatory conduct an “unfair” practice. It makes a case for the substantial evidence of discriminatory practices in the consumer finance industry, and explains how such discrimination may be “unfair” under Dodd-Frank.