The Intercept: After boasting about lowering black unemployment, Donald Trump undermines the federal unit defending against housing discrimination
The Intercept, February 1, 2018: After boasting about lowering black unemployment, Donald Trump undermines the federal unit defending against housing discrimination
CFPB Acting Director Mulvaney, in a previously unreported move, said that he would be putting the Office of Fair Lending and Equal Opportunity, or OFLEO, under his direct control, startling consumer protection and civil rights advocates, and raising concerns that the office would be unable to carry out its mission — and that, indeed, that was the very purpose of the shift.
“Opening up the floodgates on lending discrimination will damage the ability for people of color to build wealth,” said Debbie Goldstein, executive vice president of the Center for Responsible Lending.
Mulvaney stated in the email that “the Fair Lending Office will continue to focus on advocacy, coordination, and education, while its current supervision and enforcement functions will remain in SEFL. I do not expect that staff will experience changes in employment status, but it is possible that some may experience changes in jobs and duties.”