AFREF led a letter calling on the U.S. Chamber of Commerce and the banking associations to drop the lawsuit against the CFPB that would allow them to discriminate against similarly situated BIPOC communities. The lawsuit focuses on the Bureau’s warning that the federal prohibition on unfair practices covers discrimination, and that the Bureau will be using its examination authority to look for and address unlawful discrimination in financial services, including in areas outside of lending, The CFPB was well within its authority to take these actions. Discrimination is unfair and unlawful, and it should have no place in our financial system.
WASHINGTON-D.C. — A lawsuit filed by the Wall Street lobby attempts to use the increasing corrosion of the judiciary by right-wing judges to enshrine in law a right to discriminate, according to Americans for Financial Reform, a broad coalition of organizations that includes civil rights and racial justice groups.
The AFR Ed Fund and allied organizations submitted a comment to banking regulators highlighting concerns that digital banking activities may discriminate by race or otherwise threaten our civil rights.
Coalition letter to HUD opposing changes to AFFH rule.
If the proposed rule went into effect, HUD’s assessment of whether localities were meeting their AFFH obligations would not include consideration of race, religion, national origin, families with children, or other protected classes that the Fair Housing Act was intended to shield from discrimination. The proposed rule eliminates the community participation process, which was proven to be extremely effective in helping communities develop meaningful fair housing goals, and does not even have a requirement that state and local governments conduct a fair housing analysis for their communities at all.
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.