REPS. WILLIAMS, HILL, AND LUETKEMEYER INTRODUCE BILL TO BLOCK RACIAL PROFILING POLICY

Statement

Congressman Roger Williams (TX-25), along with Rep. Blaine Luetkemeyer (MO-03) and Rep. French Hill (AR-02), introduced the Preventing Racial Profiling in Lending Act as part of a three bill package. This bill would block the CFPB from mandating loan officers having to guess the ethnicity of a loan applicant based on his or her appearance and last name, should this information not be voluntarily provided.

The following joint statement is attributable to Reps. Williams, Hill, and Luetkemeyer:

"The Biden Administration's new requirement imbeds racial profiling into our loan application processes. There is no amount of training that could make this concerning and racist policy workable for loan officers who are on the front lines providing critical capital for Main Street America. This policy would yield inaccurate, unusable data to the CFPB, and force every loan officers into a position of assuming the ethnicity of a borrower who does not disclose their demographic information. This Administration must stop pushing for unworkable, burdensome policies and focus their attention on providing more opportunities for America's small businesses."

Source