Tag: Fair lending

Joint CFPB, Justice Department exercise found that Black small-business owners "received less favorable treatment" in some aspects of bank financing, ...

Careful consideration of the fair lending risk profiles of the acquiring bank, target bank and combined entity can help both ...

The CFPB proposed an interpretive rule declaring that paycheck advance, including earned wage access, products are consumer loans subject to ...

"We're in some new territory," says Andrea Mitchell. "It's important for CEOs to understand what their compliance officers are seeing ...

It is never too early for banks to assess and take steps to mitigate their risk.

Two dozen House lawmakers called on federal regulators to investigate the nation’s largest credit union following reports of racial disparities ...

Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory ...

Financial institutions risk violating federal protections against discrimination if they rely on immigration status to determine a consumer’s credit worthiness, ...

A federal judge in Texas today granted summary judgment to ABA, the Texas Bankers Association, the U.S. Chamber of Commerce ...

My bank will be reporting small-business lending data under the Equal Credit Opportunity Act (as required by the §1071 rule) ...