A lawsuit filed Wednesday against the Consumer Financial Protection Bureau (CFPB) and its acting director, Russell Vought, is challenging a controversial final rule the CFPB issued on April 22.
The National Fair Housing Alliance (NFHA) and several co-plaintiffs filed the suit in the U.S. District Court for the District of Columbia, aiming to stop the rule that would amend provisions related to disparate impact, modify the enforcement of the Equal Credit Opportunity Act (ECOA) and restrict special purpose credit programs (SPCPs).  
Lisa Rice, president and CEO of NFHA, called the CFPB’s final rule “the deliberate dismantling of 50 years of legal jurisprudence, regulatory guidance and bipartisan consensus that lending discrimination has no pl...