Equal Credit Opportunity Act needed to end credit discrimination By: Donna LoStocco
Donna LoStocco
On March 9th, the U.S. Consumer Financial Protection Bureau issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act means that lenders cannot discriminate based on sexual orientation or gender identity.
This was welcome news, but it is not enough. Federal legislation is needed to remove any confusion about what is and what is not credit discrimination.
As the President and CEO of First Commonwealth Federal Credit Union, I am all too aware of the great importance of loans to help all Americans – especially low and middle income individuals and families – achieve their dreams of home ownership. Most lenders would agree with the basic premise that our industry should not stand for credit discrimination. I’d even suggest that credit discrimination harms our community’s attempts to empo
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Unlike other speakers at this week s West Des Moines minority business summit, Brandon Copeland comes from a line of work in which the bosses inspect new employees in their underwear.
Managers demand the unvarnished truth. How the fat jiggles. How the muscles tense. How effectively, when that fat and those muscles move at full velocity for four to six seconds, the prospective employee can assault the ribs of another company s employee. I use my body to make money, Copeland, 29, told the Des Moines Register, pausing for a beat. I sound like a stripper.
But Copeland is not a stripper no matter how well he controls his body. He s an eight-year NFL veteran.