Statute
ECOA
95 published works
Consumer Finance Monitor
Cognizability of ECOA disparate impact claims remains an open question after Inclusive Communities
A sharply divided U.S. Supreme Court announced its decision in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. on June 25, 2015, holding that disparate impact claims…
Consumer Finance Monitor
CFPB and DOJ announce settlement with mortgage lender charged with discriminatory broker compensation policy
The CFPB announced last week that, together with the Department of Justice (DOJ), it had entered into a proposed consent order with Provident Funding Associates, a wholesale mortgage lender, to settle charges…
International Financial Law Prof Blog
DOJ Prosecuting Discrimination in Issuing Credit and Predatory Practices
Sourced from the DOJ Blog: Courtesy of Vanita Gupta, Acting Assistant Attorney General for the Civil Rights Division In the past year, the Department of Justice has continued to achieve…
MoFo ReEnforcement: The Enforcement Blog
Supreme Court to Determine Whether ECOA Allows Spousal Guarantors to Challenge Liability
By James Nguyen
On March 2, 2015, the Supreme Court of the United States granted certiorari in Hawkins v. Cmty. Bank of Raymore, 761 F.3d 937 (8th Cir. 2014), cert. granted, No. 14-520,…
Consumer Finance Monitor
CFPB issues bulletin on consideration of public assistance income in credit decisions
The CFPB has issued a new bulletin (Bulletin 2014-03) that is intended "to remind creditors" of their ECOA/Regulation B obligations with respect to consideration of public assistance income and relevant…
Consumer Finance Monitor
CFPB revises exam procedures to include summaries of new mortgage rules
Last week, the CFPB published a second update to its examination procedures to account for the new mortgage regulations going into effect in January 2014. The update includes Interim TILA…
Consumer Finance Monitor
ABA and MBA ask CFPB to reconsider coverage of business credit in ECOA appraisal rule
The American Bankers Association and the Mortgage Bankers Association have sent a letter to the CFPB asking it to reconsider the applicability of the final Equal Credit Opportunity Act (ECOA) appraisal…
Consumer Finance Monitor
CFPB issues ECOA baseline review procedures for examiners
By Alan S. Kaplinsky, John L. Culhane, Jr.
The CFPB has issued "ECOA Baseline Review Procedures" to be used by its examiners. (The CFPB has labeled the procedures "guidance" and did not add them to its Supervision and Examination…
Consumer Finance Monitor
CFPB releases exam procedures for new mortgage rules
This week, the CFPB published an update to its examination procedures to account for the new mortgage regulations going into effect in January 2014. The update includes Interim TILA Examination…
Consumer Finance Monitor
The CFPB Stretches ECOA Past the Breaking Point with Auto Finance
In a story released last night, Carter Dougherty at Bloomberg reports that the CFPB has warned “at least four banks” that it may take enforcement action against them under ECOA,…