Fair Housing
Within my lifetime women needed a man to cosign finances and redlining kept minorities from building intergenerational wealth. The Trump regime would like to return us to those days. Leave a comment before Monday December 15th.
How to do it:
The Notice of Proposed Rulemaking released by the CFPB would eviscerate longstanding fair lending and consumer protections in three dangerous ways:
- Would stop lenders from establishing Special Purpose Credit Programs (SPCP). These programs are critical to making the American Dream of homeownership accessible to all people.
- By eliminating the ban that the Equal Credit Opportunity Act (ECOA) has on lending practices that disproportionally harm people based on their immutable characteristics and identity;
- By giving banks the green light to engage in redlining practices that deny Black, Latino, and other disadvantaged communities fair access to safe and non-predatory mortgages; and
