Search results for Fair Lending

NYDFS Reaffirms State Fair Lending Obligations

On April 22, the NYDFS issued an industry letter reminding entities regulated under the New York Banking Law of their obligations under Section 296-a of the New York Executive Law,...

NYDFS Reaffirms State Fair Lending Obligations

On April 22, the NYDFS issued an industry letter reminding entities regulated under the New York Banking Law of their obligations under Section 296-a of the New York Executive Law,...

CFPB's New Fair Lending Rule is Out – No Surprises But Big Changes

For those waiting on pins and needles to see how the Consumer Financial Protection Bureau (CFPB) under new leadership would implement recent presidential directives related to disc...

CFPB Revised Fair Lending Enforcement Framework Under ECOA

On April 22, the CFPB issued a final rule revising Regulation B under the Equal Credit Opportunity Act (ECOA). The rule eliminates disparate impact liability from the Bureau’s ECOA...

CFPB Final Rule Revises ECOA Framework, Narrows Disparate Impact and Discouragement Standards

Go-To Guide: The Consumer Financial Protection Bureau issued a Final Rule amending Regulation B, which implements the Equal Credit Opportunity Act. The amendments limit fair le...

[Audio] Point-of-Sale Finance Series: Fair Lending Risks at the Checkout Counter — Payments Pros – The Payments Law Podc...

In this special joint episode of Payments Pros and The Consumer Finance Podcast, guest host Taylor Gess joins Chris Willis and Lori Sommerfield to unpack fair lending risks in poin...

Fair Housing Groups Challenge CFPB’s Regulation B Rollback

On May 27, several fair housing and advocacy organizations filed a lawsuit against the CFPB and Acting Director Russel Vought in the U.S. District Court for the District of Columbi...

CFPB final rule amends ECOA Regulation B: Disparate impact eliminated, discouragement standard narrowed, and special pur...

EXECUTIVE SUMMARY - The Consumer Financial Protection Bureau (CFPB) has published a final rule amending Regulation B, the implementing regulation for the Equal Credit Opportunity...

HUD Signals Narrower Fair Housing Act Enforcement Focus, Heightened Scrutiny of Special Purpose Credit Programs

On May 5, Craig Trainor, Assistant Secretary for the Office of Fair Housing and Equal Opportunity (FHEO) at the U.S. Department of Housing and Urban Development (HUD), used the Ame...

CFPB Significantly Revises Equal Credit Opportunity Act Rule, Regulation B

On April 18, the Consumer Financial Protection Bureau (CFPB) finalized their proposed rule to amend Regulation B, the promulgating rule tied to the Equal Credit Opportunity Act (EC...

CFPB Ends Key Lending Anti-discrimination Requirements Under Trump Administration

For over 50 years, the ECOA law has made it illegal to discriminate against potential borrowers based on their race, sex, gender, marital status, ethnicity, religion, and other "pr...

Coalition says Trump admin allows lenders to discriminate

A coalition of consumer protection groups filed a federal lawsuit to stop implementation of a new rule that would dismantle decades of safeguards against discrimination in lending...

CFPB ends disparate impact, tightens SPCPs through ECOA amendments

The Consumer Financial Protection Bureau is set to publish a final rule on Wednesday that eliminates disparate-impact liability under the Equal Credit Opportunity Act and adds new...

CFPB Finalizes Major Regulation B Overhaul: Disparate Impact Out, Discouragement Narrowed, and SPCPs Restricted

For the first time since its enactment and implementation nearly 50 years ago, the CFPB is taking the position that ECOA does not authorize disparate-impact liability. On April 22,...

CFPB scraps disparate-impact rule, rewriting fair lending for mortgage lenders

Watchdog announces sweeping Regulation B overhaul

Fair housing groups file lawsuit arguing a federal rule change removes protections

Fair housing organizations filed a lawsuit Wednesday over a federal rule change that they say would reverse decades of lending protections and open the door to discrimination again...

Fair housing groups file lawsuit arguing a federal rule change removes protections

Fair housing organizations filed a lawsuit Wednesday over a federal rule change that they say would reverse decades of lending protections and open the door to discrimination again...

CFPB finalizes amendments to Regulation B, eliminating disparate-impact liability provisions

On April 22, the CFPB finalized amendments to Regulation B, which implements the ECOA (previously covered by InfoBytes here). The rule, effective July 21, finalizes the three princ...

New NC report: Wells Fargo denied minority mortgage applicants twice as often as whites

Mortgage lending patterns by banking giant Wells Fargo show “significant racial disparities” in Charlotte and across North Carolina, according to a new study by a national financia...

Fair housing groups file lawsuit arguing a federal rule change removes protections for minorities

Fair housing organizations filed a lawsuit Wednesday over a federal rule change that they say would reverse decades of lending protections and open the door to discrimination again...

Wells Fargo must pay $100M to help homebuyers after discrimination lawsuit — 51 cities are eligible

FTC Issues "Debanking" Warning Letters to Payment Industry

Federal Trade Commission (FTC) Chairman Andrew Ferguson on March 26, 2026, issued warning letters to four major nonbank financial infrastructure platforms and payment providers, ca...

Understanding Equal Housing Rights As A Renter

Equal housing rights protect renters from discrimination by ensuring they have fair and equal access to housing regardless of factors such as race, religion, disability, sex, or na...

FTC Warning Letters Signal Continued Federal Focus on Debanking and Financial Access

The Federal Trade Commission (FTC) has taken a highly visible step into the national debate over “debanking” by sending warning letters to several large payment networks and financ...