Republicans have derided the rule as a ‘woke’ attempt of the Biden administration to politicize lending.
A joint resolution signaling Congress’s disapproval of a new Consumer Financial Protection Bureau (CFPB) lending rule cleared its last congressional hurdle on Nov. 30 with its passage in the House in a 220–201 vote.
Having already passed the Senate, the measure will now head to President Joe Biden’s desk, where it is likely to be vetoed.
Republicans balked at the inclusion of such categories as sexual orientation and gender identity on the list of demographics to be reported, finding the requirement to be intrusive.
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