Warren W. Traiger quoted in American Banker article, “CFPB missed opportunity to call out lending discrimination, critics say”
American BankerWarren W. Traiger
Warren W. Traiger was quoted on September 24, 2020 in an American Banker article, “CFPB missed opportunity to call out lending discrimination, critics say,” which discussed the Consumer Financial Protection Bureau’s recent analysis of the Home Mortgage Disclosure Act’s credit score data for racial disparities, and the agencies report that stated the disparities required further study — without any mention of discrimination.
Traiger noted, “The bureau is identifying disparities and cautioning that, in and of themselves, and even with the analysis by credit score, there’s not enough information to conclude that there is discrimination. They suggest looking further at the data, but they don’t do so themselves.”
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