. “As an industry, we remain committed to helping drive fair and affordable access to credit for all consumers,” the credit bureau CEOs boasted.This is just the latest chapter in a long history of politicians and activists trying to make the nation’s private credit reporting system more equitable by eliminating evaluation categories — such as race and gender — that explicitly reproduce inequality in American society.
This highly subjective system depended upon applicants meeting with credit managers, whose individual judgments determined whether the applicant got a loan or not. This solidified the reporting agencies’ role as gatekeepers, now with the power to set Americans on the course of wealth and prosperity with a government-backed mortgage — or to dash their hopes.Over the ensuing decades, White households overwhelmingly benefited, and continue to benefit, as federal credit policy expanded to include not only farm loans and mortgages, but also small business and student loans.
Women’s and civil rights groups also sought to eliminate racial, gender and other biased categories from consideration by credit granters. Led primarily by upper-class women who despised being treated like “dead beats,” these groups secured the Equal Credit Opportunity Act and amendments to it that barred discrimination against any credit applicant, “on the basis of race, color, religion, national origin, sex or marital status, or age.
Did Trump do anything to fix it 🤷🏾♀️ So PresidentBiden should fix it all in less than 2 years! stop 🛑 doing the Republicans bidding.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joe Biden met with Hunter Biden business partner at the White HouseVisitor logs from the White House of former President Barack Obama reviewed by The Post cast further doubt over Joe Biden’s claims that he knew nothing of his son’s dealings. Shocking hammer damage hell dangerous exile dictator Biden over son Hunter romove end 🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷🐷 ... and Obama wiped his fingers on the couch. As Americans why do we have foreign interviews muted & translated to us by an interpreter's audio & not have subtitles instead?🤔 This gives deaf community opportunity to read what is being said & others to fact check what is being said as compared to the subtitles being shown
Source: nypost - 🏆 91. / 67 Read more »
Biden admin to promote availability of COVID antiviral pillPresident Joe Biden and his administration want Americans and their doctors to know that the country has an ample supply of the life-saving COVID-19 antiviral treatment Paxlovid and that it no longer needs to be rationed. Then we can all go 100% back to normal. 😂😂😂😂🤡🤡🤡🤡
Source: ksatnews - 🏆 442. / 53 Read more »
Biden Admin to Promote Availability of COVID Antiviral PillPresident Joe Biden and his administration want Americans and their doctors to know that the country has an ample supply of the life-saving COVID-19 antiviral treatment Paxlovid and that it no longer needs to be rationed
Source: NBCLA - 🏆 319. / 59 Read more »
Biden admin to promote availability of COVID antiviral pillPresident Joe Biden and his administration want Americans and their doctors to know that the country has an ample supply of the life-saving COVID-19 antiviral treatment Paxlovid and that it no longer needs to be rationed.
Source: KPRC2 - 🏆 80. / 68 Read more »
Lara Trump: The Biden admin is allowing an open-border‘LET’S ENFORCE THE LAW’: LaraLeaTrump reacts to some Democrats calling for Trump-era immigration policy to be extended. LaraLeaTrump Seems convenient to forget about all those border crossings under Donald Trump! Remember those caravans? This is October 13th 2018! And then again in 2019. LaraLeaTrump Don’t worry Lara, the US has borders LaraLeaTrump She thinks she just got away with a fart.
Source: FoxNews - 🏆 9. / 87 Read more »
Climate progress remains elusive for Biden on Earth DayPresident Joe Biden on Friday signed an executive order intended to help restore old growth trees in national forests devastated by wildfires, drought and blight, using an EarthDay visit to Seattle to press for more action on the environment.
Source: Mynorthwest - 🏆 438. / 53 Read more »