Individual lenders can apply to enroll in a testing pilot of alternative, tailored disclosures for construction loans designed to improve consumer understanding of loan terms and costs
Congress has charged the CFPB with ensuring that markets for consumer financial products are competitive
As part of CFPB’s continued effort to combat housing insecurity and promote racial equity, the Bureau is partnering with the Department of Housing and Urban Development to lead a tech sprint on post-pandemic housing challenges
I’m pleased to release the results from our first tech sprints, which sought to identify innovations and improvements in the way lenders notify consumers of adverse credit actions, as well as how we collect and process home mortgage data
The Consumer Financial Protection Bureau announced its first Tech Sprint to reduce regulatory burden and improve consumer understanding of financial services
Spotlight on providing adverse action notices under the Equal Credit Opportunity Act and the Fair Credit Reporting Act when using artificial intelligence, including machine learning models
The Bureau is committed to ensuring fair, equitable, and nondiscriminatory access to credit for both individuals and communities
An update on results provided under the Bureau’s No-Action Letter on
alternative data and machine learning
The Bureau’s new Office of Innovation is proposing a “Disclosure
Sandbox” to give companies leeway to test new disclosures or delivery methods
that may better serve consumers
The Bureau’s new Office of Innovation is proposing a “Disclosure
Sandbox” to give companies leeway to test new disclosures or delivery methods
that may better serve consumers
