CFPB in the news: fights over funding and rule changes, plus lawsuits over ECOA and housing protections. Independent U.S. agency guarding consumers in finance.
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.