The "Preventing Racial Profiling In Lending Act" aims to address and eliminate racial profiling in lending practices. The bill prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, or age. It requires financial institutions to collect and report data on loan applications to monitor and prevent discriminatory practices. This legislation seeks to promote fair lending practices and ensure equal access to credit for all individuals while combating systemic racism in the lending industry.
2023-03-27: Introduced in House
2023-03-27: Referred to the House Committee on Financial Services.
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