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MoFo Reenforcement The Enforcement Blog

CFPB Seeks Input on Improving Access to Credit

Posted in Regulatory Developments

On August 3, 2020, the Consumer Financial Protection Bureau (CFPB) published a Request for Information (RFI) that seeks comment on ways to clarify the Equal Credit Opportunity Act’s (ECOA) implementing regulation, Regulation B, to expand access to credit and improve protections against credit discrimination. According to the CFPB, comments provided in response to the RFI will help the agency “continue to explore ways to address regulatory compliance challenges” associated with Regulation B. Comments on the RFI are due by October 2, 2020.

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