A coalition of civil rights and small-business groups is suing the Trump administration for halting a federal rule designed to prevent lending discrimination. The case, Rise Economy et al v. Vought, targets the Consumer Financial Protection Bureau for freezing implementation of a small-business lending data rule mandated by the Dodd-Frank Act.
Advocates say the rule is critical for tracking who gets loans and holding lenders accountable, especially for Black and female entrepreneurs. The lawsuit comes as the Trump administration pushes a broader rollback of equity protections, including a January order gutting the federal agency that enforces affirmative action for federal contractors — an agency that secured more than $260 million for more than 250,000 workers in the last decade.
Experts warn that, paired with President Donald Trump’s One Big Beautiful Bill Act — a tax plan that slashes social safety nets while delivering permanent cuts for the wealthy — these moves widen the racial wealth gap and strip away safeguards for underserved communities.
Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.
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