Banks, Lenders Petition for Changes to Enforcement from DOJ

Jul 7, 2017News

The American Banking Association, American Financial Services Association, Consumer Mortgage Coalition, Independent Community Bankers of America, and Mortgage Bankers Association sent a letter to former Alabama Senator, now U.S Attorney General, Jeff Sessions concerning the Department of Justice’s enforcement of fair lending laws. The trade groups are requesting a meeting to discuss laws and recent federal court decisions on the use of race in loan decisions. These same trade associations previously filed a series of letters with leaders at the U.S. Department of Housing and Urban Development regarding regulatory relief.


The trade groups are responding to a widespread shift in regulatory policy since Trump assumed the presidency earlier this year. Early in his tenure, President Trump signed an executive order to create a task force to report on regulatory burdens within the federal government. His government-wide review has extended to key provisions in the Dodd-Frank Act and could lead to reforms of the major financial legislation through agency action.

Read the letter to AG Sessions here:

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