CFPB proposes changes to equal credit opportunity act rules

cfpb

The U.S. Consumer Financial Protection Bureau (CFPB) proposed a rule change that would narrow anti-discrimination requirements for the financial industry. This comes as the Trump administration attempts to shutter the agency may finally come to pass. 

According to the official notice, published Thursday, the CFPB seeks to amend existing rules under Regulation B of the Equal Credit Opportunity Act by clarifying how lenders must handle credit applications, specifically regarding disparate-impact discrimination. 

THIS IS MEMBERS-ONLY CONTENT

You are not logged in and do not have access to members-only content.

If you are already a registered user or a member, SIGN IN now.