The Consumer Financial Protection Bureau will increase its efforts in 2017 to prevent credit discrimination and improve credit access, according to a blog post published on the CFPB website today. Specifically, the bureau will investigate “redlining” issues to determine whether lenders have intentionally avoided lending in minority neighborhoods. It will also evaluate whether women and minorities experience discrimination when applying for credit, or experience greater difficulty when attempting to work out payment arrangements with servicers for student loans or home mortgages.
FOMC to reduce votes on setting rates in 2027
Starting next year, the Federal Open Market Committee will hold one less vote annually to set monetary policy, Federal Reserve Chairman Kevin Warsh said.
