Before the Labor Day holiday weekend, the Federal Deposit Insurance Corporation (FDIC) updated the fair lending and unfair, deceptive act or practices (UDAP) chapters of its Consumer Compliance Examination Manual to remove...more
9/4/2025
/ Artificial Intelligence ,
Assurance of Discontinuation (AOD) ,
Consumer Protection Laws ,
Disparate Impact ,
ECOA ,
Executive Orders ,
Fair Lending ,
FDIC ,
Government Agencies ,
Guidance Update ,
Lenders ,
OCC ,
Regulatory Oversight ,
State Attorneys General ,
Student Loans ,
UDAAP ,
Unfair or Deceptive Trade Practices
Similar to the Consumer Financial Protection Bureau’s Supervisory Highlights, the Federal Deposit Insurance Corporation (FDIC)’s Consumer Compliance Supervisory Highlights should be on your reading list. While the FDIC has...more
4/23/2024
/ Anti-Discrimination Policies ,
Compliance ,
Consent Order ,
Credit Builder Loans ,
Deposit Insurance ,
Fair Lending ,
FDIC ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
FinTech ,
Flood Disaster Protection Act ,
Mortgage Brokers ,
Truth in Lending Act (TILA) ,
Truth in Savings Act
The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) have issued a new joint statement focused on anti-discrimination in lending practices as they relate to noncitizens. This guidance not only...more
10/25/2023
/ Assessment ,
Borrowers ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Discrimination ,
Department of Justice (DOJ) ,
ECOA ,
Fair Lending ,
Immigration Status Discrimination ,
Joint Statements ,
Non-Citizens ,
Regulation B
Minnesota has expanded its fair lending statute to prohibit discriminating against a person in the extension of credit or in the requirements of obtaining credit because of gender identity. Prior to this amendment, the...more