Racial Mortgage Disparities Persist as Federal Housing Enforcement Lags

Source
Charlene Crowell | The Center for Responsible Lending
New research by the Center for Responsible Lending finds that today’s racial wealth gaps were supported and sustained by the federal government’s Fair Housing Administration (FHA). From the program’s inception during the 1930s, FHA perpetuated racial discrimination by making mortgage credit broadly available to white borrowers while excluding blacks and other people of color.

State Attorneys General Take Aim at the Trump Administration's Student Loan Agenda

Source
Jillian Berman | MarketWatch
State law enforcement officials investigated and enforced the law against for-profit colleges well before the Trump administration took office, but in the absence of aggressive federal regulations, states are “continuing to step up to protect their residents,” said Lisa Stifler, the state policy deputy director at the Center for Responsible Lending.

Consumer Advocacy Groups Ask to Participate as Amicus to Oppose Stay of CFPB Payday Loan Rule Compliance Date

Source
Alan S. Kaplinsky | The National Law Review
Four consumer advocacy groups have filed a motion seeking leave to file an amicus memorandum opposing the joint motion filed by the CFPB and two trade groups that seeks a stay of the compliance date for the CFPB’s final payday/auto title/high-rate installment loan rule (Payday Rule). The joint motion, which was filed in the trade groups’ April 2018 lawsuit challenging...