The Consumer Financial Protection Bureau will increase its efforts in 2017 to prevent credit discrimination and improve credit access, according to a blog post published on the CFPB website today. Specifically, the bureau will investigate “redlining” issues to determine whether lenders have intentionally avoided lending in minority neighborhoods. It will also evaluate whether women and minorities experience discrimination when applying for credit, or experience greater difficulty when attempting to work out payment arrangements with servicers for student loans or home mortgages.
ABA survey: Consumers happy with credit card options, concerned about rate cap effects
The survey, conducted for ABA by Morning Consult, showed that most Americans view the credit card marketplace as highly competitive, and they have concerns about reduced access to credit and other potential harm from policy proposals to cap...








