Democrats attack Trump administration over fair lending

Published October 2, 2018 5:11pm ET



Democrats went on the offensive with the Trump administration over fair lending issues on Tuesday, attacking a proposed revision to a key fair lending law, and renewing pressure on the Consumer Financial Protection Bureau to fire a top fair lending political appointee.

Questioning top financial regulators at a Senate Banking Committee hearing today, Sen. Elizabeth Warren, D-Mass., criticized a new proposal from the Office of the Comptroller of the Currency as weakening rules meant to give banks incentive to loan to underserved communities.

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