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CFPB Updates Rule on Lender Adherence to Equal Credit Opportunity Act

CFPB Updates Rule on Lender Adherence to Equal Credit Opportunity Act

by Phil Hall | Apr 22, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has replaced its rule requiring lenders to adhere to the 1974 Equal Credit ​Opportunity Act (ECOA). The ECOA was designed to prohibit disparate impact discrimination by lenders who create policies that inadvertently...
Federal Regulators Prepping Update to CRA

Federal Regulators Prepping Update to CRA

by Phil Hall | Oct 24, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The federal banking regulators are completing an update to a Carter administration-era legislation designed to erase redlining and secure more lending in lower-income neighborhoods by banks. The Federal Reserve voted six to one today to complete the updating of the...

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