A bank settled CFPB charges for discriminating against persons of Armenian heritage applying for credit cards.
News & Insights
Banking agencies set a comment deadline of September 19, 2023 for proposed risk management guidance concerning "reconsiderations of value" in real estate transactions.
The Federal Reserve Board, CFPB, FDIC, National Credit Union Administration and OCC proposed risk management guidance for financial institutions on incorporating "reconsiderations of value" for residential real estate transactions.
Enforcement and supervisory policy guidance on a new CFPB rule on the collection of small business lending data was published in the Federal Register. The effective date is August 29, 2023.
The CFPB issued an advisory opinion clarifying that consumer lending protections extend after a loan has been advanced. In addition, the CFPB released its 2021 Fair Lending Annual Report to Congress.