CFPB's Office of Fair Lending & Equal Opportunity; NCUA Report
Written by Steve Van Beek
Yesterday, the CFPB's blog featured a post from their Office of Fair Lending & Equal Opportunity.  Since July 21st, the CFPB has been the regulator in charge of the Equal Credit Opportunity Act (ECOA) which is implemented by Regulation B as well as the Fair Housing Act (updated on 12/15: authority for the Fair Housing Act did not transfer to the CFPB as it is not "an enumerated consumer law" under Dodd-Frank).  The CFPB is also in charge of the Home Mortgage Disclosure Act (HMDA) which is implemented by Regulation C. Â
The CFPB's blog post includes a discussion of the CFPB's tools to prevent credit discrimination. Â The blog also linked to a general Fair Lending page discussing the protections provided under the ECOA and the Fair Housing Act.
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The latest issue of the NCUA Report is now available. Â These newsletters give NCUA's perspective - from a variety of different NCUA offices - on a number of issues currently facing credit unions. Â If you can find the reading time, the report provides a good summary of past issues as well as a general outline of potential issues in the future. Â Â