Home   |   Contact Us   |   Sign In   |   Join
News & Press: Open News

CFPB Proposes Regulation Changes

Monday, March 27, 2017   (0 Comments)
Share |

 

The Consumer Financial Protection Bureau released a proposal to amend certain regulations in the Equal Credit Opportunity Act (ECOA). The intent is to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The proposed amendments should provide greater clarity to lenders regarding their obligations under the law, and according to the CFPB will promote compliance with rules intended to ensure customers are treated fairly. [more]



Membership Software Powered by YourMembership  ::  Legal