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Financial Institutions May Soon be Required to Report Business Loans by Race, Ethnicity and Gender

Regulation B is a Federal Reserve regulation that prevents bankers from collecting race and ethnicity data from potential borrowers.  Passed during the Civil Rights Era, the logic of the regulation was to prevent discrimination based on race.  However, by not collecting race and ethnic data from borrowers, the general public has no way of knowing whether banks are making loans to people of color.  This piece reflects Greenlining's position that Regulation B should be repealed.

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