The U.S. Chamber of Commerce, joined by the American Bankers Association and other business groups, filed the lawsuit against the CFPB and its director, Rohit Chopra, on Wednesday in Texas federal court.
The challenge asserts that the CFPB should have undertaken the change through the rulemaking and public comment process, rather than through a change to the manual.“The [CFPB] is operating beyond its statutory authority and in the process creating legal uncertainty that will result in fewer financial products available to consumers,” said Neil Bradley, U.S. Chamber executive vice president and chief policy officer.
While federal law forbids discrimination in lending on the basis of sex, race, religion, and more, current law is less clear as it relates to other financial products such as bank accounts, according to the Wall Street Journal.
For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Samantha_M078 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: binance - 🏆 561. / 51 Read more »