CFPB says racial and religious prejudices have been demonstrated in recent loans

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By Al Barbarino (December 8, 2021, 5:57 p.m. EST) – The Consumer Financial Protection Bureau said on Wednesday that “irresponsible or poorly managed” companies had carried out a series of discriminatory and other illegal pricing practices related to mortgages over the course of the decade. first half of 2021, pledging to eliminate racial and religious prejudice.

Discrimination against certain groups, along with the broader illegal fees and irregular debits uncovered by CFPB examiners, have been particularly damaging to U.S. consumers as they have experienced increased economic hardship amid the COVID pandemic. -19, the CFPB noted in Wednesday’s “surveillance highlights” report.

“Today’s report reveals that irresponsible or poorly managed companies have harmed Americans during the COVID-19 pandemic,” CFPB director Rohit Chopra said in a statement. “We…

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