Seven federal agencies have withdrawn a 2022 interagency statement that encouraged creditors to consider Special Purpose Credit Programs, adding another significant change to a fair-lending framework that the Consumer Financial Protection Bureau had already revised...
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...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
