Take Action to Stop the CFPB's Proposed Rule Eliminating Fair Access to Women, Underserved Communities

A newly proposed rule from the Consumer Financial Protection Bureau (CFPB) would weaken hard-fought fair lending protections for women and limit affordable credit opportunities for underserved communities—namely communities of color and rural residents, especially in the South.

The Notice of Proposed Rulemaking released by the CFPB would eviscerate longstanding fair lending and consumer protections in three dangerous ways: 

1. By eliminating the ban that the Equal Credit Opportunity Act (ECOA) has on lending practices that disproportionally harm people based on their immutable characteristics and identity;
2. By giving banks the green light to engage in redlining practices that deny Black, Latino, and other disadvantaged communities fair access to safe and non-predatory mortgages; and
3. Would stop lenders from establishing Special Purpose Credit Programs (SPCP). These programs are critical to making the American Dream of homeownership accessible to all people.

You can read NFHA’s statement here, furthering outlining the harmful impacts of the proposed rule.

Comments from individuals and organizations are very important. We want as many unique comments as possible to show strong opposition.

Below, please find a sample message. We strongly recommend personalizing the message, as we want as many unique comments as possible. As you personalize the message, please ensure that you incorporate your name or organizational name where you see the following brackets: [ORGANIZATION/INDIVIDUAL NAME]. Please note that your message will appear as a public comment. You may submit an anonymous comment by going directly to Regulations.gov.

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ORG CITY, ORG STATE ORG ZIP
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