Lawmaker seeks CFPB fair lending investigation of fintech small business lenders

Barbara S. Mishkin A Democratic congressman has raised concerns about potentially discriminatory lending practices used by fintech companies that extend credit to small businesses, calling on the CFPB “to vigorously investigate whether [such fintech companies] are complying with all anti-discrimination laws, including the Equal Credit Opportunity Act.” In a letter to Director Cordray dated March 15, 2017, Representative... More >...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/2nfAlHm
via IFTTT