CFPB ends some lending industry antidiscrimination requirements
The Consumer Financial Protection Bureau (CFPB) on Tuesday ended some lending industry antidiscrimination requirements that have long protected different demographics’ access to credit, loans and home ownership. Under the newly approved rule, lenders are no longer required to adhere to the 1974 Equal Credit Opportunity Act (ECOA). The law prevented disparate impact discrimination, which occurs…
Read MoreHigher-income households benefited most from Help to Buy, thinktank finds
Analysis by IFS shows George Osborne’s mortgage schemes launched in 2013 had little effect on social mobilityHigher-income households were the biggest beneficiaries of George Osborne’s Help to Buy mortgage schemes, introduced in the 2010s, according to an analysis by the Institute for Fiscal Studies (IFS) thinktank.Launched by the Conservative-Lib Dem coalition government in 2013, Help…
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