The goal is to prevent credit discrimination under the Equal Credit Opportunity Act. The bureau also seeks input on its approach to the disparate-impact rule.

More than a dozen Democratic senators, led by Sen. Sherrod Brown, OH, have urged acting Comptroller Brian Brooks to confirm the OCC’s fair lending responsibilities.

The CFPB is facing legal challenges from fair lending advocacy groups over its Home Mortgage Disclosure Act final rule that raises reporting thresholds for mortgage lenders.

The lawsuit against the Chicago-based company marks the CFPB’s first-ever redlining action against a nonbank lender.

Democratic senators have called upon the CFPB and the FHFA to immediately address trends to better facilitate fair lending oversight.

The bureau recently issued two factsheets addressing transaction coverage and appraisal delivery requirements under the Equal Credit Opportunity Act’s valuation rule.

Lawmakers, led by Sen. Sherrod Brown, D-OH, are urging Director Kathy Kraninger to not weaken the bureau’s ability to identify discriminatory lending patterns, particularly during the pandemic.

The CFPB reminded lenders to ensure compliance with fair lending obligations when handling applications under the Paycheck Protection Program.

Annual fair lending report issued; CFPB’s COO Kate Fulton to join FHFA; consumer complaint database enhanced.

Attorneys have cautioned mortgage servicers about the potential fair lending risks that may arise from their handling of forbearance and loan-modification requests due to the pandemic.