Last week, a court decision dealt a significant blow to the Consumer Financial Protection Bureau’s enforcement authority—and it has broad implications for the nation’s independent mortgage banks as well.
Tag: Regulation B
MBA Commends HUD Guidance on Special Purpose Credit Programs
HUD on Dec. 7 released guidance clarifying special purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
CFPB: Discrimination Illegal by Lenders on Basis of Sexual Orientation, Gender Identity
The Consumer Financial Protection Bureau on Mar. 9 issued an interpretive rule clarifying that prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes sexual orientation discrimination and gender identity discrimination.
CFPB Extends Comment Period on ECOA/Reg B RFI to Dec. 1
Bowing to requests by the Mortgage Bankers Association and other industry trade groups, the Consumer Financial Protection Bureau on Aug. 19 said it will provide an additional 60 days for public comment on its Request for Information on expanding access to credit through Regulation B, which implements the Equal Credit Opportunity Act.