Bulletin re: lending discrimination
In response to recent inquiries, the Consumer Financial Protection Bureau
(“CFPB” or “Bureau”) issues this bulletin to provide guidance about compliance
with the fair lending requirements of the Equal Credit Opportunity Act
(“ECOA”), and its implementing regulation, Regulation B. The Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank Act” or
“Act”) granted CFPB authority to supervise and enforce compliance with the
ECOA for entities within CFPB’s jurisdiction and to issue regulations and
guidance to interpret the ECOA.