CFPB leader not backing down on lending discrimination cases

Regulation: Opening a new front in its "disparate impact" discrimination campaign against the private sector, the Obama regime is planning to force banks for the first time to report small-business.

Two weeks after the final payday lending regulations dropped, no such action had been taken. But it seems the change of the guard at the CFPB has also changed the calculus on that some. Payday lending.

CFPB Turns its Back on Fair Lending Enforcement and Reporting. a matter when it has reason to believe that a creditor has engaged in a pattern or practice of lending discrimination in violation.

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Read the second piece on the CFPB’s retreat from mortgage data collection here, and the introduction to the series here. It may not. lending public enforcement actions. Between 2015 and 2016 CFPB.

CFPB signals pullback on discrimination cases. which prohibits discrimination in lending.. The CFPB is not the first agency to target disparate impact under the Trump administration. Last week, the Department of Housing and Urban Development said it will take its own look at disparate.

Saying that Congress intended for CFPB to be a “watchdog that could swiftly and effectively crack down. justify cases and micromanagement. Mulvaney also threatened leak investigations targeting.

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Bureau Targets Lending Practices that Unlawfully Price Out, Cut Off Specific Segments of the Population. WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced that it will use all available legal avenues, including disparate impact, to pursue lenders whose practices discriminate against consumers.

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Changes to cfpb fair lending office undermine anti-discrimination Work.. president and CEO of The Leadership Conference on Civil and Human Rights. "These changes to the Office of Fair Lending and Equal Opportunity send a troubling message about the enforcement of civil rights laws and will.

In the months since Mulvaney reorganized the Office of Fair Lending, the bureau has not brought a single case alleging illegal discrimination. people in usurious loans they can’t possibly pay back,

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million LoanLogics names new CEO LoanLogics, a recognized technology leader in loan quality management and performance analytics, recently introduced HMDA Audit, a new module for the company’s LoanHD Loan Quality Management platform designed to help lenders comply with current and new reporting requirements under the Home Mortgage Disclosure Act (HMDA), set to take effect in January 2018.

The acting chief of the Consumer Financial Protection Bureau (CFPB) said Tuesday that an official under fire for blog posts dismissing racism will remain in charge of the agency’s lending.