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Using special purpose credit programs to serve unmet credit needs

Posted in Access to credit, At the CFPB, Banking, Equal Credit Opportunity Act, Fair lending, and Mortgages

This content was originally published by the Consumer Financial Protection Bureau. We selectively syndicate content from them when we feel it may help you to better understand how to manage your finances.

Far too many minority households and businesses continue to lack fair and equitable access to credit. Federal agencies encourage lenders to explore use of special purpose credit programs to better serve historically disadvantaged individuals and communities.

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