Archive for Fair lending – Page 3

This analysis investigates how characteristics of mortgages, borrowers, and lenders vary across AAPI subgroups, based on the 2020 Home Mortgage Disclosure Act (HMDA) data

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This report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach and education for calendar year 2020

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El CFPB planea desarrollar directrices para la atención a consumidores LEP o con Limitado Manejo del Inglés y para ello, está recibiendo comentarios públicos formales a través de su Solicitud de Información del año 2020 sobre la Ley de Oportunidad Equitativa al Crédito y Regulación B

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The Bureau plans to develop guidance on serving consumers with limited English proficiency (LEP) and welcomes formal public comments through the Bureau’s 2020 Request for Information on the Equal Credit Opportunity Act and Regulation B

See the full post at consumerfinance.gov

Consumers who are of limited English proficiency face unique challenges in learning about and accessing financial services

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The Bureau reminds creditors of the availability of the Special Purpose Credit Program (SPCP) provisions of Equal Credit Opportunity Act (ECOA) and Regulation B to help meet the credit needs of underserved communities

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The Bureau is committed to ensuring fair, equitable, and nondiscriminatory access to credit for both individuals and communities

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The Bureau has responsibility for addressing lending discrimination, including lending to women- and minority-owned businesses, which apply for credit during the COVID 19 pandemic under the CARES Act

See the full post at consumerfinance.gov

An update on results provided under the Bureau’s No-Action Letter on
alternative data and machine learning

See the full post at consumerfinance.gov

This report on the Bureau’s September 17th, 2018 Building a Bridge to Credit Visibility
Symposium summarizes the panel discussions that took place during the event,
and highlights the key themes that stood out from those conversations

See the full post at consumerfinance.gov