CFPB Releases ECOA Baseline Review Modules

The CFPB has released new modules that will be used by examiners to identify risks of Equal Credit Opportunity Act violations. The NWCUA compliance team provides a brief important to credit unions.

CFPB Issues Guidance on Indirect Lending and ECOA Compliance

A bulletin released last week by the CFPB provided indirect auto lenders within the CFPB’s jurisdiction with suggestions for limiting fair-lending risks under the ECOA for discriminatory dealer markups.

CFPB to Target Credit Discrimination

The CFPB announced recently that it plans to “combat unlawful, discriminatory practices—including those that have an illegal disparate impact on protected borrowers,” an area that will also be a focus during this year’s DFI, DCBS and NCUA exams.