The CFPB provided Congress with the agency’s first fair lending report, highlighting its first-year accomplishments, and affirming a commitment to the lending industry to be clear about its expectations going forward. “We are still in the process of building our fair lending program and expect the CFPB’s contribution to the work of ensuring compliance with fair lending laws and promoting access to credit will grow as our program progresses,” the report stated. “We are also developing risk-based approaches to...