WASHINGTON, April 21 [Category: Law/Legal] -- The National Consumer Law Center posted the following news release:

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CFPB Guts Fair Lending

Bad Process Leads to Bad Rule As CFPB Fails to Meaningfully Review More than 64,500 Comments 

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Today, the Consumer Financial Protection Bureau (CFPB) took a major step backward, issuing a rule that eviscerates fair lending protections under the Equal Credit Opportunity Act (ECOA). 
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