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Katy OdonnellPolitico |
The litigation comes as the market is already facing a severe test, battered by high interest rates that have sent home sales plunging and building...
The new rule marks the most significant revision to the Community Reinvestment Act in nearly three decades.
Supporters of the rule say it will help ensure that lenders distribute loans equitably to underrepresented borrowers.
Many Democrats see the case as part of a broad-based attack on the regulatory state by Republicans eager to bring challenges before the Supreme Court.