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...
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...
China’s Property Investment Plunges 20.6% as Housing Crisis Deepens
