Blog Archive

Policy and compliance

Published NOV 20, 2017

Identification of language preference on the Uniform Residential Loan Application

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.

By J Frank Vespa-Papaleo

Info for consumers

Published APR 14, 2017

Safeguarding against credit discrimination: 2016 Fair Lending Report

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...

By Patrice Alexander Ficklin

Policy and compliance

Published MAR 24, 2017

The Consumer Bureau is proposing changes to Regulation B to help mortgage lenders and is looking for your feedback

We are seeking comment on our proposal to increase flexibility for mortgage lenders in collecting certain information.

By James Wylie

At the CFPB

Published DEC 16, 2016

Fair lending priorities in the new year

A look at the CFPB’s fair lending focus in the new year.

By Patrice Alexander Ficklin

Info for consumers

Published NOV 02, 2016

What you need to know about the Equal Credit Opportunity Act and how it can help you: Know your rights

In October, we celebrate the enactment of the Equal Credit Opportunity Act (ECOA), a law that protects consumers from discrimination in the financial...

By Rebecca Gelfond and J Frank Vespa-Papaleo

Info for consumers

Published OCT 31, 2016

What you need to know about the Equal Credit Opportunity Act and how it can help you: Why it was passed and what it is

In October, we celebrate the enactment of the Equal Credit Opportunity Act (ECOA), a law that protects consumers from discrimination in the financial...

By Brian Kreiswirth and Anna-Marie Tabor

Info for consumers

Published JUN 29, 2016

Redlining: CFPB and DOJ action requires BancorpSouth Bank to pay millions to harmed consumers

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...

By Daniel Dodd-Ramirez and Patrice Alexander Ficklin

Info for consumers

Published JAN 29, 2016

Harmed Ally borrowers have been sent $80 million in damages

Today, harmed borrowers participating in the settlement were mailed checks by the Ally settlement administrator, totaling $80 million, plus interest. Here's...

By Patrice Alexander Ficklin

Info for consumers

Published SEP 24, 2015

Hudson City Savings Bank to pay $27 million to increase access to credit in Black and Hispanic neighborhoods it discriminated against

The complaint alleges that Hudson City redlined by locating its branches and selecting mortgage brokers nearly all outside of majority-Black-and-Hispanic...

Policy and compliance

Published JUL 08, 2014

Ensuring equal treatment for same-sex married couples

On June 26, 2013, in United States v. Windsor, the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act as unconstitutional. This...

By Meredith Fuchs

Policy and compliance

Published APR 30, 2014

Our work on fair lending

We’ve created, refined, and implemented a process to focus our supervisory work on areas that present higher risk to consumers when it comes to fair lending.

By Patrice Alexander Ficklin

Info for consumers Policy and compliance

Published DEC 20, 2013

Ally to repay $80 million to consumers it discriminated against

When you shop for a car, auto lenders work with your auto dealer to offer you financing for your loan. Auto lenders consider the terms of your loan, your...

By Patrice Alexander Ficklin

Policy and compliance

Published NOV 04, 2013

Preventing illegal discrimination in auto lending

Every year, millions of American families buy a car – and it will be one of the most significant purchases they make. One key priority for us is protecting...

By Patrice Alexander Ficklin

Data, research, and reports Policy and compliance

Published DEC 06, 2012

Fulfilling our fair lending mandate

We are responsible for ensuring "fair, equitable, and nondiscriminatory access to credit" under the Dodd-Frank Act. Today, we submitted a report to Congress...

By Patrice Alexander Ficklin

Policy and compliance

Published APR 18, 2012

Fair Notice on Fair Lending

Millions of Americans rely on loans and other credit products to attend college, buy cars, purchase homes, or open businesses. For many of us, access to...

By Patrice Alexander Ficklin

Policy and compliance

Published DEC 14, 2011

Addressing credit discrimination

The CFPB is the first federal agency with the primary mission of making consumer financial markets work for American consumers. Congress charged us with...

By Patrice Alexander Ficklin