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Statement: AFR Statement Decrying the Trump CFPB Gutting of the Farm and Small Business Fair Lending Disclosure Rule
The Consumer Financial Protection Bureau released a final rule that will delay and severely undermine the farm and small business fair lending disclosure rule that will let unfair and discriminatory lending practices persist for years.
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Press Release: “Dreams Denied” in North Carolina: New Study Finds Troubling Pattern of Racial Disparities in Wells Fargo’s Mortgage Lending
Wells Fargo’s mortgage lending patterns demonstrate significant racial disparities in Charlotte and across North Carolina, according to a new report released by Americans for Financial Reform Education Fund, North Carolina United Power for Action/NC Industrial Areas Foundation, Organized Power in Numbers, and UNITE HERE North Carolina.
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Press Release: CFPB Abandons Mandate to Protect People From Discrimination in Credit Markets
Today, the Consumer Financial Protection Bureau (CFPB) took the unprecedented step of eliminating key anti-discrimination protections under a final rule that will give lenders a free pass to discriminate and cut off access to critical lending programs put in place to help people long locked out of fair access to credit opportunities to build wealth.