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.
ABA survey: Americans strongly support prohibiting crypto companies from offering yield-like rewards for holding stablecoin
As Senate prepares to consider digital asset legislation, a national survey shows Americans support rules that protect the bank deposits that drive local lending and economic activity.
