Topic: Reg. B – Equal Credit Opportunity
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CFPB removes Reg. B provisions on disparate impact
NEWS: The Consumer Financial Protection Bureau (CFPB) issued a final rule that amends rules related to disparate impact discrimination, discouragement of applicants or prospective applicants, and special purpose credit programs under Regulation B […]
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CFPB and the DOJ withdraw joint statement on fair lending
NEWS: On January 12th, the Consumer Financial Protection Bureau (CFPB) announced the withdrawal of an October 2023 joint statement which warned that a creditor’s policies related to an applicant’s immigration or citizenship status could, […]
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Court blocks small business lending rule for some banks, but not CUs
NEWS: A Texas federal court has blocked enforcement of the CFPB’s new Reg. B small-business lending data collection rule until the U.S. Supreme Court decides whether the CFPB’s funding structure is […]
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CFPB updates FAQs on small business lending rule
NEWS: The CFPB has updated its list of “frequently asked questions,” to help credit unions and other financial institutions comply with the new Reg. B small-business lending data collection rule. The rule, which […]
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A closer look, and a new ii Release, on the small business lending rule
ANALYSIS: The League has published new ii Release No. B083 – Reg. B – Small Business Lending Rule. The rule is part of Reg. B, which implements the federal Equal Credit Opportunity […]
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Special purpose lending programs for credit unions
Q&A: Here’s a question that a Wisconsin credit union recently asked The League’s Legal Affairs team, along with our answer. Do you have a compliance question? Contact The League’s Compliance […]
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CFPB proposes rules for collecting small business lending data
COMMENT CALL: The CFPB has proposed a set of new Reg. B provisions that would require credit unions and other creditors nationwide to collect and report data on small businesses’ loan applications. (The […]
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Reminder: Sexual orientation and gender identity discrimination prohibited
NEWS: Today, the NCUA issued a letter to all federally insured credit unions (21-RA-07), reminding them that federal law prohibits discrimination based on sexual orientation and gender identity. The letter […]
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CFPB: Equal Credit Opportunity Act (ECOA) Valuations Rule – Small Entity Compliance Guide (January 13, 2014)
The focus of this guide is the ECOA Valuations Rule (with a limited discussion of a related rule under TILA). This guide does not discuss other federal or state laws governing […]
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America’s Credit Unions: e-Guide – Equal Credit Opportunity (Reg. B)
This links to America’s Credit Unions’ e-Guide section on equal credit opportunity reviews. (Note: Requires America’s Credit Unions login.)