Key Takeaways from the CFPB's 2023 Fair Lending Report

The CFPB's 2023 fair lending annual report to Congress

Today, the CFPB released its Fair Lending Annual Report to Congress, describing how we took action against unlawful discrimination and ...

The Bureau noted that in 2023 it undertook 28 fair lending examinations and announced four enforcement actions. It separately referred 18 matters to the ...

Fair Lending Report of the Consumer Financial Protection Bureau ...

The CFPB releases its Fair Lending Annual Report to Congress, describing its fair lending activities in enforcement and supervision; ...

Inside the CFPB Fair Lending Report 2023 - Ncontracts

6 Key Insights from the 2023 CFPB Report · 1. ECOA Protections for Existing Consumers · 2. Justice Department Referrals · 3. Quality Control for ...

Fair Lending Report of the Consumer Financial Protection Bureau

On November 28, 2023, the CFPB issued an order against Bank of America for routinely submitting falsified HMDA data. The CFPB found that between ...

The Consumer Financial Protection Bureau just dropped a fair ...

... report to Congress about its fair lending ... The CFPB reported that 189 institutions were cited for fair lending violations in 2023 ...

Fair Lending Report of the Consumer Financial Protection Bureau ...

The CFPB released the 2022 Fair Lending Report on its website on June 28, 2023. FOR FURTHER INFORMATION CONTACT: Bobby Conner, Senior Policy ...

CFPB Issues 2023 Annual Fair Lending Report

The Report covers the CFPB's rulemaking related to fair lending, including its Section 1071 data collection rule for small business lenders.

Navigating fair lending risks in bank M&A transactions

(1) Carrying the torch, federal banking regulators and the Consumer Financial Protection Bureau (CFPB) responded with increased levels of ...

Fair Lending, Consumer Financial Protection Bureau (CFPB)

Key Takeaways from the CFPB's 2023 Fair Lending Report · Sheppard Mullin ... On June 25, the CFPB issued its annual fair lending report covering its fair lending ...

Treliant Takeaway...The CFPB's Spring 2023 Semi-Annual Report

Consumer Use of Buy Now, Pay Later · Debt Collection Practices · Access to Banking Services · Marketing of Consumer Products · Credit Decisioning ...

Fair Lending: CFPB Needs to Assess the Impact of Recent Changes ...

The Consumer Financial Protection Bureau oversees and enforces federal fair lending laws that protect consumers from discrimination.

Fair Lending | Consumer Finance and Fintech Blog

Key Takeaways from the CFPB's 2023 Fair Lending Report. By A.J. Dhaliwal & Mehul Madia on July 5, 2024. Posted in Agency Rule-Making & Guidance, ...

National Law Review on X: "Key Takeaways from the #CFPB's 2023 ...

Key Takeaways from the #CFPB's 2023 Fair Lending Report https://t.co/Cz8FK4K42G #artificialintelligene #fairlending @SheppardMullin.

Fair Lending, Financial Regulatory Reform, Annual Reports | JD Supra

Key Takeaways from the CFPB's 2023 Fair Lending Report · Finance & Banking · Consumer Protection · Civil Rights · Real Estate - Residential ...

Fair Lending - FDIC

The federal fair lending laws - the Equal Credit Opportunity Act and the Fair Housing Act - prohibit discrimination in credit transactions.

INTERAGENCY FAIR LENDING EXAMINATION PROCEDURES

A minority couple applied for a similar loan with the same lender. Upon discovering adverse information in the minority couple's credit report, the lender ...

Navigating the CFPB's Final Rule on Dodd-Frank Section 1071

The final rule requires lenders to collect and report specific data points about small business credit applications they receive. This ...

Fair Lending 2024: Top 7 Takeaways - Ncontracts

Fair Lending 2024: Top 7 Takeaways · 1. Adverse Action Notices (AANs) are a cornerstone of your Fair Lending Compliance Program · 2. Denying loans ...

Initial Analysis Of Final Section 1071 Small Business Lending Rule

This hinders the statutory purpose of 1071 data to facilitate enforcement of fair lending laws. It is also important to remember that the CFPB's estimates that ...