WASHINGTON - Twenty-five members of the House Banking Committee said Monday that they oppose the Federal Reserve Board's plan to let lenders collect race and gender data on all borrowers.

The lawmakers, who were not joined by Committee Chairman Jim Leach, said the Fed should let Congress decide which data lenders may collect. Rep. Ron Paul, R-Tex., said he feared the rule would become "a huge new unfunded mandate" that would lead to higher bank fees and lending rates.

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