Blog Archive

Policy and compliance

Published JUN 28, 2024

The CFPB is working to reinforce the foundation of a fair, nondiscriminatory and competitive mortgage market

CFPB’s HMDA enforcement cases and research focus on ensuring financial institutions comply with HMDA and Regulation C’s requirement to report complete and accurate mortgage lending information.

By Bobby Conner, Adrian Gonzalez, Danny Harris, and Hallie Ryan

Data, research, and reports

Published JUN 26, 2024

The CFPB's 2023 fair lending annual report to Congress

The CFPB releases its Fair Lending Annual Report to Congress, describing its fair lending activities in enforcement and supervision; guidance and rulemaking; interagency coordination; and outreach and education for calendar year 2023.

By Patrice Alexander Ficklin and J. Frank Vespa-Papaleo

Director's notebook

Published JUN 24, 2024

CFPB approves rule to ensure accuracy and accountability in the use of AI and algorithms in home appraisals

The CFPB approved a rule to address the current and future applications of complex algorithms and artificial intelligence used to estimate home values.

By Rohit Chopra and Zixta Martinez

Data, research, and reports

Published JUN 29, 2023

The CFPB's 2022 fair lending annual report to congress

The CFPB releases its Fair Lending Annual Report to Congress, describing its fair lending activities in enforcement and supervision; guidance and rulemaking; interagency coordination; and outreach and education for calendar year 2022.

By Patrice Alexander Ficklin

At the CFPB

Published JUN 26, 2023

Protecting consumers’ right to challenge discrimination

The CFPB filed an amicus brief to protect consumers’ right to challenge discrimination under the Equal Credit Opportunity Act.

By Seth Frotman

Director's notebook Policy and compliance

Published JUN 01, 2023

Algorithms, artificial intelligence, and fairness in home appraisals

Today, the CFPB is taking another step toward ensuring accountability for automated decision models, sometimes marketed as artificial intelligence (AI).

By Rohit Chopra

Policy and compliance

Published APR 14, 2023

Protecting people from discriminatory targeting

This week, we filed a Statement of Interest to protect people from discriminatory targeting.

By Seth Frotman

At the CFPB

Published MAR 13, 2023

Protecting homeowners from discriminatory home appraisals

This week, the CFPB filed a joint Statement of Interest with the Department of Justice to protect homebuyers and homeowners from discriminatory appraisals.

By Seth Frotman, Zixta Q. Martinez, and Jon Seward

At the CFPB

Published JUL 19, 2022

Using special purpose credit programs to serve unmet credit needs

Far too many households and businesses continue to lack fair and equitable access to credit. Through SPCPs, lenders can better serve historically disadvantaged individuals and communities.

By Tim Lambert

At the CFPB

Published JUN 27, 2022

Identifying and addressing the financial needs of immigrants

The CFPB is working to identify and address the financial needs of immigrant consumers.

By Sonia Lin

Data, research, and reports

Published JUN 13, 2022

CFPB publishes Beginner’s Guide to Accessing and Using Home Mortgage Disclosure Act Data

The CFPB has published a Beginner’s Guide to Accessing and Using Home Mortgage Disclosure Act Data, a resource for those interested in using this comprehensive source of U.S. mortgage data.

By Hallie Ryan

At the CFPB Data, research, and reports

Published MAY 06, 2022

The CFPB’s 2021 Fair Lending Annual Report to Congress

This report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach and education for calendar year 2021.

By Rohit Chopra

Published MAR 16, 2022

Cracking down on discrimination in the financial sector

Vigorous enforcement of the Equal Credit Opportunity Act is essential for us to achieve broader equity and opportunity. The CFPB will prioritize enforcement of the Act to ensure that no one is discriminated against with respect to any aspect of a credit transaction.

By Eric Halperin and Lorelei Salas

At the CFPB

Published FEB 04, 2022

Appraisal discrimination is illegal under federal law

The CFPB joins with other regulators in asking The Appraisal Foundation to clearly instruct appraisers about the federal law forbidding appraisal discrimination.

By Patrice Alexander Ficklin

Info for consumers

Published JAN 14, 2022

It’s illegal to penalize borrowers for being religious

We’re concerned that some financial companies are unlawfully considering religion when making decisions on financial products. Have you been discriminated against? Submit a complaint to the CFPB.

By Lorelei Salas

At the CFPB

Published DEC 17, 2021

CFPB is standing up for civil rights protections

This week CFPB partnered with other agencies to oppose a dangerous threat to our nation’s civil rights laws, specifically related to the Equal Credit Opportunity Act, or ECOA.

By Seth Frotman

At the CFPB

Published DEC 15, 2021

CFPB calls tech workers to action

The CFPB encourages programmers, data scientists and others with knowledge of the algorithms and technologies used by companies, and who know of potential discrimination or other misconduct within our authority, to report it to the CFPB.

By Erie Meyer

Director's notebook

Published JUL 21, 2021

Celebrating 10 years of consumer protection

The CFPB is celebrating 10 years of protecting consumers, and looks forward to the next decade.

By Dave Uejio

At the CFPB

Published JUL 02, 2021

CFPB Prioritizing Resources Against Racial Bias in Home Appraisals

The CFPB hosted a roundtable to discuss biases that come from home valuations, and explored how to remedy the problem.

By Patrice Alexander Ficklin

Data, research, and reports

Published JUL 01, 2021

Challenging the Model Minority Myth: A closer look at Asian American and Pacific Islanders in the mortgage market

New CFPB research looks at how the cost of home loans and borrower characteristics differ within the Asian American and Pacific Islander (AAPI) community.

By Alexandra Dobre and Young Jo

Data, research, and reports

Published APR 14, 2021

Protecting consumers through a pandemic: 2020 Fair Lending Report to Congress

This report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach and education for calendar year 2020.

By Patrice Alexander Ficklin and Frank Vespa-Papaleo

Policy and compliance

Published NOV 16, 2020

Bureau seeks formal comments to inform forthcoming guidance on serving LEP consumers

The Bureau plans to develop guidance to industry on serving consumers with limited English proficiency (LEP) and welcomes public comments through the Bureau’s 2020 Request for Information on the Equal Credit Opportunity Act and Regulation B.

By Elena Babinecz and J. Frank Vespa-Papaleo

At the CFPB

Published AUG 26, 2020

More CFPB resources available in multiple languages

Consumers who are of limited English proficiency face unique challenges in learning about and accessing financial services. Watch our webinar to learn how CFPB is working to make our resources accessible to everyone.

By Desmond Brown, Keo Chea, and Frank Vespa-Papaleo

Published JUL 31, 2020

Expanding access to credit to underserved communities

The Bureau calls attention to the Special Purpose Credit Program provisions of Equal Credit Opportunity Act and Regulation B to help meet the credit needs of underserved communities.

By Susan M. Bernard and Patrice Alexander Ficklin

Data, research, and reports

Published APR 30, 2020

Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress

This report describes our fair lending activities in innovation, outreach, prioritization, guidance and rulemaking, supervision, and enforcement for calendar year 2019.

By Patrice Alexander Ficklin and Frank Vespa-Papaleo