Statute
ECOA
95 published works
Consumer Finance Monitor
Republican members of House Financial Services Committee release new report on CFPB’s auto finance actions
By Christopher J. Willis, Ballard CFS Group
Republican members of the House Financial Services Committee recently released a report, prepared by the Republican Staff of the Committee, titled “Unsafe at Any Bureaucracy, Part III: The CFPB’s Vitiated…
Consumer Finance Monitor
CFPB approves FHLMC/FNMA revised uniform residential loan application; collection of HMDA ethnicity and race information in 2017
In a notice published in today's Federal Register, the CFPB announced that it has given its "official approval" to a revised and redesigned Uniform Residential Loan Application (2016 URLA) and…
South Florida Trial Practice
Supreme Court Divided in Hawkins on Whether “Guarantor” is an “Applicant” Under ECOA
By David Greene
In the first of what may be many 4-4 split decisions following the death of Justice Antonin Scalia, the U.S. Supreme Court issued its opinion in Hawkins v. Community Bank…
Supreme Court Update
Hawkins v. Patterson (14-520), Tyson Foods v. Bouaphakeo (14-1146), Nebraska v. Parker (14-406), Sturgeon v. Frost (14-1209) and Caetano v. Massachusetts (14-10078)
So many announcements since our last Update. The President announced D.C. Circuit Chief Judge Merrick Garland as his pick to take the late Justice Scalia's seat on the Court; Senate…
Consumer Finance Monitor
Ballard Spahr attorneys to conduct webinar sponsored by the American Banker and National Mortgage News on redlining fair lending claims
In late September, the CFPB and DOJ announced a proposed consent order with Hudson City Savings Bank to settle allegations that the bank had engaged in a pattern or practice…
Consumer Finance Monitor
Congressional report chronicles and criticizes CFPB auto finance ECOA enforcement activity
By Christopher J. Willis, Ballard CFS Group
Republican members of the House Financial Services Committee recently released a report, prepared by the Republican Staff of the Committee, which chronicles in detail the controversial automotive ECOA enforcement initiative…
Consumer Finance Monitor
CFPB issues Fall 2015 supervisory report
In its Fall 2015 Supervisory Highlights, which covers supervision work generally completed between May and August 2015, the CFPB highlights legal violations resolved using non-public supervisory actions involving consumer reporting,…
Consumer Finance Monitor
U.S. Supreme Court Hears Oral Arguments in Case to Decide Whether Loan Guarantors Are “Applicants” Under ECOA
Earlier this week the Supreme Court heard oral arguments in the case of Hawkins v. Community Bank of Raymore. We have issued an E-alert discussing this important case, which we expect will resolve whether…
Consumer Finance Monitor
CFPB and DOJ announce redlining settlement
Consistent with recent indications from CFPB and Department of Justice officials that more redlining cases would soon be coming, the CFPB and DOJ have announced a proposed consent order with Hudson…
MoFo ReEnforcement: The Enforcement Blog
CFPB Brings First ECOA Disparate Impact Action Post-Inclusive Communities
Just over 18 months after bringing a disparate impact-based ECOA case against Ally Financial (“Ally”) for discriminatory auto loan pricing, the CFPB has struck again—this time taking action against American…