Fair Lending And The Use Of Alternative Underwriting

Law360 (June 9, 2020, 5:23 PM EDT) -- In February, the Student Borrower Protection Center published a report implying that the Trump administration has turned a blind eye to new underwriting practices that make it harder for traditionally disadvantaged Americans to obtain credit.[1]

The SBPC issued its report the day that the director of the Consumer Financial Protection Bureau was set to testify before the House Financial Services Committee.[2] Given that the head of the SBPC publicly resigned from the CFPB through a widely circulated letter that accused the Trump administration of "hurting families" through its policies,[3] the report seems to have been designed to provide members of the...

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