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.
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. 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, the report seems to have been designed to provide members of the...
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