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A federal lawsuit filed in Washington, D.C. challenges the CFPB’s recent ECOA rule change, arguing it ends disparate-impact considerations and could steer lending toward white neighborhoods, heightening minority access to credit risks. Plaintiffs warn of broader efforts to dismantle fair-housing protections.
The Education Department has announced a two-year, temporary 1% reduction in interest rates for Direct Loans issued after July 2012, available to autopay borrowers through June 30, 2028. Eligible borrowers on autopay will see the discount automatically, with action required only for new enrollments by Sept. 30, 2026. The policy forms part of a broad overhaul of repayment plans under the One Big Beautiful Bill Act.