CFPB BULLETIN 2012-04 –FAIR LENDING

On April 18, 2012 the Consumer Financial Protection Bureau issued CFPB Bulletin 2012-04 that explains the agency’s position on compliance with the Equal Credit Opportunity Act and Regulation B.

The bulletin does not offer any new insights into Fair Lending issues, but the CFPB certainly makes it clear that the agency is focusing on fair lending issues not only in mortgage lending, but also in credit cards, student loans and auto loans.

A copy of the bulletin is available at:  https://files.consumerfinance.gov/f/201404_cfpb_bulletin_lending_discrimination.pdf

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