Statute
ECOA
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Consumer Protection Insights
CFPB Final Rule Narrows Small Business Lending Data Collection Requirements
By Tarrian L. Ellis, Matthew White, Noah Gillespie, Lisa M. Lanham, Shane Foster, Timothy A. Butler, Tessa Cierny, Cody B. Davis, Greenberg Traurig, LLP
On May 1, 2026, the CFPB finalized a revised Section 1071 rule under ECOA, narrowing covered institutions, products, and required data points from the 2023 Rule, with a single compliance…
Consumer Financial Services Law Monitor
CFPB’s Reg B Final Rule: Disparate Impact Liability Out, Discouragement Standard Narrowed, and SPCPs in the Crosshairs
By Chris Willis, Lori Sommerfield, Taylor Gess, Lane Page
In this episode of The Consumer Finance Podcast, Chris Willis, Lori Sommerfield, Taylor Gess, and Lane Page discuss the CFPB's sweeping final amendments to Subpart A of Regulation B. The…
Consumer Financial Services Law Monitor
Colorado Rewrites Its AI Law
By Kim Phan, Chris Willis, Taylor Gess
On May 12, the Colorado legislature passed Senate Bill 26‑189, a substantial rewrite of its 2024 law establishing consumer protections for artificial intelligence (formerly referred to as the CO AI…
Consumer Finance Monitor
CFPB’s Final Rule Recalibrates Fair Lending Enforcement: A Return to Clarity and Core Statutory Principles
On April 22, 2026, the Consumer Financial Protection Bureau (CFPB), under Acting Director Russell Vought, issued a significant final rule reshaping the agency’s approach to fair lending enforcement under the…
Consumer Financial Services Law Monitor
CFPB Issues Final Section 1071 Rule: Narrower Scope, Later Compliance Date, and a Leaner Data Collection and Reporting Regime
By Joseph Reilly, Caleb Rosenberg, Lori Sommerfield, Chris Willis, Taylor Gess, Lane Page
Today, the Consumer Financial Protection Bureau (CFPB or Bureau) released its final rule revising the 2023 small business lending data collection and reporting rule under the Equal Credit Opportunity Act…
Consumer Financial Services Law Monitor
Point-of-Sale Finance Series: Fair Lending Risks at the Checkout Counter
By Lori Sommerfield, Chris Willis, Taylor Gess
In this special joint episode of Payments Pros and The Consumer Finance Podcast, guest host Taylor Gess joins Chris Willis and Lori Sommerfield to unpack fair lending risks in point-of-sale…
Consumer Financial Services Law Monitor
CFPB Finalizes Regulation B Subpart A Rule Largely as Proposed
By Stefanie Jackman, Lori Sommerfield, Chris Willis, Taylor Gess, Lane Page
On April 22, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its final rewrite of Subpart A of Regulation B (Reg B) under the Equal Credit Opportunity Act (ECOA),…
Consumer Financial Services Law Monitor
Point-of-Sale Finance Series: Fair Lending Risks at the Checkout Counter
By Chris Willis, Lori Sommerfield, Taylor Gess
In this special joint episode of The Consumer Finance Podcast and Payments Pros, guest host Taylor Gess joins Chris Willis and Lori Sommerfield to unpack fair lending risks in point-of-sale…
Consumer Financial Services Law Monitor
CFPB and DOJ Formally Withdraw 2023 Immigration-Status Fair Lending Guidance
By Stefanie Jackman, Lori Sommerfield, Chris Willis
On January 12, the Consumer Financial Protection Bureau and U.S. Department of Justice formally withdrew their October 2023 joint statement on creditors' consideration of immigration status under the Equal Credit…
Consumer Finance and Fintech Blog
CFPB Proposed Rule Dramatically Revises ECOA
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On November 13, the CFPB issued a sweeping proposed rule to overhaul Regulation B, arguably the most far-reaching ECOA rewrite in the agency’s history. The proposal would eliminate disparate-impact liability under ECOA,…