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Home » ECOA

Articles Tagged with ''ECOA''

FHFA Proposes Repeal of Fair Lending Rules

August 1, 2025
Dennis Hollier
A proposed rule change could spell the end of FHFA regulations requiring the GSEs to file triennial equitable housing finance plans.
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Banking Examiners Simplify Adverse Action Requirements

July 21, 2025
Shannon Clark
Key differences exist between the Equal Credit Opportunity Act’s and the Fair Credit Reporting Act’s adverse action notice requirements.
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HMDA Submissions Continue Even as CFPB Faces Blockade

March 3, 2025
Shannon Clark
Financial entities who fail to comply with the Home Mortgage Disclosure Act’s requirements are at risk of enforcement actions by a future Democratic administration or at the state level.
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GSEs Yield to Trump’s Anti-DEI Directive

February 14, 2025
Dennis Hollier
FHFA removed reference to DEI on the GSE scorecard. Are SPCPs next on the chopping block?
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AI Raises Compliance and Transparency Concerns for Lenders

November 15, 2024
Dennis Hollier
Regulators warn that there is no exemption in fair lending laws for advanced technology.
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Townstone Settlement Leaves Redlining Issues Unsettled

November 7, 2024
Shannon Clark
The CFPB’s settlement with Townstone included a relatively small fine for the lender and dropped allegations against the CEO.
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CFPB Gets Second Chance at Fair Lending Complaint

September 23, 2024
Shannon Clark
While the regulator’s reverse redlining allegations against a defendant were dismissed, a Texas court offered the bureau the option to amend its complaint.
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CFPB’s Reverse Redlining Charges Against Texas Lender Dismissed

September 19, 2024
Shannon Clark
The CFPB has 30 days to amend its complaint against Loan Originator Services as part of a fair lending lawsuit filed against a Texas-based developer and lender, Colony Ridge.
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NCLC Urges CFPB to Extend ECOA to Residential Leases

September 9, 2024
Shannon Clark
The NCLC is asking the bureau to pursue rulemaking to apply the Equal Credit Opportunity Act’s adverse action requirement to renters and ban the use of medical debt in tenant screening decisions.
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Lenders Urged to Take Steps Toward Credit Score Transition

September 6, 2024
Dennis Hollier
Experts recommend industry stakeholders start working with the new credit scores if they want to be prepared when the transition from FICO Classic to FICO 10 T and VantageScore 4.0 goes into effect.
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