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Disparate Impact Discrimination in AI Underwriting Alleged Against Student Loan Company

On July 10, 2025, the Massachusetts Attorney General’s Office (AGO) reached a $2.5 million settlement with a private student loan company to resolve allegations that its lending practices violated various consumer protection...more

What Does the CFPB’s Withdrawal of Guidance Documents Mean for Bank Compliance

On May 12, 2025, the Consumer Financial Protection Bureau (CFPB) announced the withdrawal of various guidance, interpretive rules, policy statements, and advisory opinions issued since the CFPB assumed its functions in 2011....more

Trump’s New Executive Order Targeting Disparate Impact Liability May Target Fair Lending as Well

On April 23, 2025, President Trump issued an executive order (EO) titled “Restoring Equality of Opportunity and Meritocracy,” which seeks to eliminate disparate impact liability, denouncing it as a threat to equal opportunity...more

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