Race discrimination

Don’t ditch disparate impact


Attempts to rewrite the method for determining unintended discrimination in housing should not bleed into fair-lending laws.


CFPB's Kraninger commits to finalizing small-business lending rule


CFPB Director Kathy Kraninger promised to complete the rule mandated by Dodd-Frank one day after a California court set a process for doing so.


CFPB forced to complete small-business lending rule


After dragging its feet, the agency has agreed to a court-supervised process for writing a Dodd-Frank-mandated rule aimed at stamping out discrimination.


Senators alarmed by study linking loan rates to college choice


Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.


HUD should scrap its new fair housing plan


The agency issued a fair housing proposal last month that would perpetuate segregation and make it harder to detect discrimination.


GOP lawmaker's bill would repeal small-business loan rules


New legislation in Congress seeks to do away with a data-collection mandate that addressed discrimination in business lending. The repeal measure has the support of two bank industry groups based in Washington.


HUD proposes easing Obama-era fair housing rule


The Department of Housing and Urban Development has proposed an overhaul of an Obama-era rule meant to guide local jurisdictions in how they comply with the Fair Housing Act.


Bank boards need more women of color


Financial institutions should fully disclose their board composition to begin tackling diversity problems at the top.


Goldman in settlement talks with DOJ; Congress members ask JPM about equality


The bank could pay about $2 billion to close the 1MDB case in the U.S.; in letters lawmakers ask Dimon about policies to combat racism.


Warren, Brown call on GAO to investigate CFPB's fair lending oversight


The two Democrats sent a letter “raising grave concerns about whether the bureau is fulfilling its statutory obligations.”