The undersigned organizations write to urge you to oppose H.R. 1210 (the “Portfolio Lending and Mortgage Access Act”). This bill makes two harmful changes to the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and its implementing regulations:

  • It takes a special exemption designed for more trustworthy small and rural banks and extends it to all banks, regardless of size or trustworthiness.
  • It substantially weakens the Act’s ban on loan steering—a practice that supports predatory lending and racial discrimination.