Published: June 2019

Relaxing fair lending laws would make it harder to prove discrimination

Consumer Action joined coalition advocates in urging the Consumer Financial Protection Bureau to abandon its recently-proposed rule that would undermine the ability to enforce fair lending laws and prevent discrimination in the mortgage lending market.

The Consumer Financial Protection Bureau announced that it intended to raise the reporting threshold for mortgage lenders under the Home Mortgage Disclosure Act (HMDA), a 1975 law that requires mortgage lenders to make certain mortgage data publicly available as a check to ensure compliance with fair lending laws. Making this data available is critical to ensuring that the public will be able to hold lenders accountable for violations of our fair lending laws–laws that were passed to eradicate centuries of discrimination in mortgage lending in the United States.

Lead Organization

National Community Reinvestment Coalition (NCRC)

Other Organizations

Americans for Financial Reform Education Fund | Center for Responsible Lending | Consumer Action | Consumer Federation of America | NAACP | National Association of American Veterans, Inc. | National Community Reinvestment Coalition | National Consumer Law Center (on behalf of our low-income clients) | National Fair Housing Alliance | Prosperity Now | Public Citizen | The Leadership Conference on Civil and Human Rights | U.S. PIRG

More Information

For more information, please visit NCRC.

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Relaxing fair lending laws would make it harder to prove discrimination   (HMDA_Group_Comment_NCRC_toCFPB-2019-_6-12-19.pdf)