A non-profit initiative that advocates on behalf of low-income people and communities of color has accused the Consumer Financial Credit Bureau of helping to facilitate discriminatory lending practices.
The California Reinvestment Coalition recently filed a lawsuit claiming the CFPB defied Section 1071 of the Dodd-Frank Act by failing to collect and disclose data on lending to women-owned, minority-owned and small businesses.
Read on for details from the federal suit.
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