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, associations support proposed changes to FHA minimum property requirements
By aligning the Federal Housing Administration’s single-family minimum property requirements with those used by Fannie Mae and Freddie Mac, federal housing authorities would be making one of the most meaningful updates to FHA valuation policy in years, ABA...
