House committee advances ABA-backed bills on fair credit liability, check fraud
The House Financial Services Committee advanced legislation that would align Fair Credit Reporting Act liability with other financial consumer protection ...
Tag: Fair lending
Compliance question: Is July 3 a business day for right of rescission purposes?
For purposes of the right of rescission, Regulation Z (Truth in Lending Act) defines a “business day” as all calendar ...
CFPB rescinds advisory opinion on special-purpose credit programs
The CFPB rescinded a 2020 advisory opinion on special-purpose credit programs, saying the document contains statements that conflict with recent ...
Consumer groups, vendors sue CFPB over changes to fair lending enforcement
A coalition of consumer groups and fair lending compliance firms has filed a lawsuit to prevent the CFPB from removing ...
ABA, associations recommend CFPB advance with mortgage regulation reforms
ABA joined four other associations to express support for proposed reforms to the CFPB's regulations of the mortgage industry.
HUD official discusses changes to Fair Housing Act enforcement
The Trump administration is committed to pursuing only cases of intentional discrimination in enforcement of the Fair Housing Act, which ...
Two sides of the same coin
Driving strategic growth with CRA and fair lending tools
CFPB finalizes rule to revise fair lending enforcement
The CFPB will issue a final rule to remove disparate impact from enforcement of the Equal Credit Opportunity Act, clarify ...
ABA: Policymakers should avoid changes that reduce credit availability
The Fair Credit Reporting Act is a critical consumer protection law that supports responsible lending, and policymakers should avoid changes ...
OCC finalizes revised licensing requirements, eliminates fair housing data system
The OCC finalized a rule to revise licensing requirements for community banks and eliminated a system used to monitor national ...
