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Bill would require lenders to collect more demographic data

Tuesday, May 7, 2019   (0 Comments)
Posted by: Amanda Averch
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Sen. Kirsten Gillibrand, D-N.Y., is proposing a bill that would require lenders to collect more demographic data on loan applicants, including race and sexual orientation. The data would be sent to the Consumer Financial Protection Bureau, which would look for discriminatory patterns in loan approvals.

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