A coalition of fair housing and economic advocacy groups sued the Consumer Financial Protection Bureau (CFPB) and acting director Russell Vought on Wednesday, seeking to block a Trump administration-backed rule they say would weaken longstanding protections against lending discrimination.

The lawsuit, filed in federal court in Washington, D.C., challenges changes made last month by the CFPB to Regulation B, which implements the Equal Credit Opportunity Act (ECOA), a 1974 civil rights law designed to prevent discrimination in lending.

According to the complaint, the CFPB’s rule reverses nearly 50 years of federal fair lending policy.

The plaintiffs include the National details ⇒