Legal Challenge Against CFPB for Illegally Abandoning Progress Towards Anti-Discrimination Lending Protections

by Jasmine Valadez October 15, 2019

Small Business Owners and Community Development Organizations Press Forward Legal Challenge Against CFPB for Illegally Abandoning Progress Towards Anti-Discrimination Lending Protections

CFPB Unlawfully Halted Progress on Mandatory Data Collection Critical For Enforcing Fair Lending Laws; Oregon and Iowa Small Business Owners Detail Harms Caused by Trump Administration’s Defiance of the Law

Washington D.C. — Today, on behalf of the California Reinvestment Coalition (CRC), the National Association for Latino Community Asset Builders (NALCAB), and small business owners from Iowa and Oregon, Democracy Forward and co-counsel Hagens Berman Sobol Shapiro LLP moved for summary judgment in their lawsuit against the Consumer Financial Protection Bureau for defying the Dodd-Frank Act and halting progress on a critical data collection aimed at protecting women-owned, minority-owned and small businesses against discriminatory lending practices.