Preventing Racial Profiling in Lending Act
Source: Congress.gov ·
218 words in original text
What This Bill Does
This bill stops federal agencies from requiring lenders to guess a borrower's race or ethnicity by looking at them or using their last name. The bill is called the "Preventing Racial Profiling in Lending Act."
Who It Affects
Federal agencies, lenders and other people or organizations that give credit to borrowers.
Key Provisions
Federal agencies cannot require lenders to estimate a borrower's race or ethnicity through visual observation or by looking at someone's surname (Sec. 2).
What Changes
If this becomes law, federal agencies will be prohibited from making lenders estimate someone's race or ethnicity based on how they look or what their name is.
Important Definitions
None defined.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
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