US Regulators Consider Scaling Back Civil Rights-Era Lending Law

Sources indicate consumer protection authorities may reduce provisions of a historic lending regulation aimed at preventing discrimination.

Summary

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Terms & Concepts
  • Consumer protection authorities: Government agencies responsible for safeguarding consumer rights and enforcing laws that prevent unfair or deceptive practices.
  • Civil rights-era lending law: Legislation enacted during the civil rights movement to ensure fair and equal access to credit and prevent discriminatory lending practices.