Browsing: public data and research—much of it from the CFPB itself—show that the Final Rule is ill-conceived and likely to harm covered entities and consumers alike.”

       For more than 50 years, the Equal Credit Opportunity Act (ECOA) has been an effective federal safeguard to ensure that Black, Latino, Native Americans and other economically marginalized people have fair access to safe and affordable credit. Enacted with bipartisan support in Congress and signed into law by President Gerald Ford in 1974, ECOA has been a legal backbone in the fight against financial discrimination for literally millions of qualified borrowers.