The Bureau issued an official approval of the final redesigned Uniform Residential Loan Application (URLA), which will include a question about mortgage applicants’ language preference.
This week, we’re releasing our fifth Fair Lending Report. Read about the actions we took last year to protect people from credit discrimination and what we plan to do this year.
A look at the CFPB’s fair lending focus in the new year.
In October, we celebrate the enactment of the Equal Credit Opportunity Act (ECOA), a law that protects consumers from discrimination in the financial marketplace. This week, we’re doing two blog posts about what ECOA is and how it protects you.
In October, we celebrate the enactment of the Equal Credit Opportunity Act (ECOA), a law that protects consumers from discrimination in the financial marketplace. This week, we’re doing a series of blog posts about what ECOA is and how it protects you.
El banco BancorpSouth pagará $10.6 millones para responder al problema de la delimitación ilegal y otras alegaciones de discriminación, luego de que por primera vez el CFPB utilizara a personas encubiertas para ayudar a respaldar dichas alegaciones de discriminación.
BancorpSouth Bank will pay $10.6 million to address redlining and other discrimination claims. After, for the first time, we used undercover testers to help support claims of discrimination.
Today, harmed borrowers participating in the settlement were mailed checks by the Ally settlement administrator, totaling $80 million, plus interest. Here’s what to do if you think you should receive a check.
The complaint alleges that Hudson City redlined by locating its branches and selecting mortgage brokers nearly all outside of majority-Black-and-Hispanic neighborhoods, among other actions. In other words, it intentionally discouraged potential borrowers from equal access to credit in majority-Black-and-Hispanic neighborhoods in New Jersey, New York, Connecticut, and Pennsylvania.
