Press Releases

Today, Congressional Black Caucus Chair Yvette D. Clarke (NY-09) and members of the Congressional Black Caucus issued the following statement:

“The Congressional Black Caucus strongly condemns the Consumer Financial Protection Bureau’s (CFPB) decision to roll back anti-discrimination protections in lending under pressure from President Trump. The decision to end these long-held protections is a step backward in the fight to promote equitable access to credit for all Americans.

“For decades, “disparate impact” standards have served as a critical tool to identify and prevent discriminatory practices that, while not always explicit, have caused real harm to Black communities and historically marginalized groups. CFPB’s decision to eliminate these protections weaken the federal government’s ability to hold lenders accountable and opens the door to discrimination, particularly in AI based models.

“At a time when families across the country are facing economic uncertainty, this decision risks exacerbating existing inequities in access to housing, education, and small business financing.

“The Congressional Black Caucus rejects this Administration’s false premise that civil rights protections are a burden on businesses. On the contrary, fairness and transparency are foundational to a thriving economy. To be clear: this is part of a border effort by the Trump Administration to erode civil rights protections for our communities. This decision by CFPB is misguided and cannot stand. We must take every legal action available to reinstate these protections at CFPB to protect our communities from discrimination in lending.”