JD Supra

CFPB proposes alignment of Regulation B and Regulation C requirements regarding collection of consumer ethnicity and race information

On March 24, the CFPB announced a proposal to amend Regulation B requirements related to the collection of consumer ethnicity and race information, in order to resolve the differences between ...
JD Supra

Lenders: Take a Hint! Forbearance or Modification Agreements Should Contain Specific Waiver Language to Protect Against “Regulation B” Claims

Lenders must comply with a constantly changing series of State and Federal laws and regulations. When loan relationships sour, and lenders seek to collect, borrowers and guarantors may allege the ...
American Banker

Regulation B

Regulation B - [12 CFR 202 - Equal Credit Opportunity] - prohibits creditors from discriminating in any aspect of credit against applicants on the basis of any one of nine different factors: age, race ...
ConsumerAffairs

Consumer advocates warn CFPB proposal could weaken fair credit rules

CFA urges the CFPB to withdraw the proposal and reaffirm the Equal Credit Opportunity Act The Consumer Federation of America (CFA) is urging the Consumer Financial Protection Bureau (CFPB) to abandon ...
HousingWire

CFPB: Mortgage lenders discriminated against protected classes with pricing exceptions

The Consumer Financial Protection Bureau (CFPB) found that mortgage lenders violated the Equal Credit Opportunity Act (ECOA) and its implementing rule, Regulation B, in a variety of ways, according to ...