CFPB: Safeguarding Against Credit Discrimination | 2016 Fair Lending Report
It is against the law for a lender to discriminate in any aspect of a credit transaction based on certain reasons. Despite this prohibition, we hear from consumers who believe they have been treated differently because of these reasons, including characteristics such as their age, race, national origin, or sex. That’s where the CFPB’s Office…
HUD: National Fair Housing Month
WASHINGTON – This year marks the 49th anniversary of the Fair Housing Act, landmark legislation that became law on April 11, 1968. Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2017 at its national headquarters. This year’s theme is Fair Housing Equals Opportunity, highlighting equality in housing as…
CFPB: Fair Lending Priorities in the New Year
We recently marked the 40th anniversary of the Equal Credit Opportunity Act, a federal civil rights law that protects you from being discriminated against by lenders. As the holidays approach and we prepare for a new year, I wanted to let you know about key areas where the CFPB’s fair lending team will focus in…
CFPB: The Significant Impact of Student Debt on Communities of Color
Rising student debt is one of the more painful aftershocks of the Great Recession. Millions of Americans lost their jobs and homes, while others lost much of their household wealth. This decrease in household wealth has continued to put a strain on the ways families pay for higher education expenses, often shifting the burden of…