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fromwww.housingwire.com
3 days ago

CFPB ECOA rule rejects effects test, changes SPCP rules

Under the new language, the CFPB explicitly states that ECOA does not recognize the effects test. But creditors remain liable for intentional discrimination, including the use of facially neutral policies as a pretext for discriminatory practices.
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fromwww.housingwire.com
3 months ago

Agencies clarify ECOA rules on immigration and credit policies

Federal agencies narrowed ECOA interpretation to allow creditors to consider immigration or citizenship status for creditworthiness while reducing unnecessary compliance burdens.
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