What the elimination of disparate impact liability could mean for lenders A Fundamental Shift in Fair Lending Interpretation The Consumer Financial Protection Bureau has finalized significant amendments to Regulation B under the Equal Credit Opportunity Act (ECOA), introducing a meaningful shift in how fair lending risk may be defined and enforced. Most notably, the rule eliminates disparate impact liability under ECOA, […]

This article was originally published as part of Asurity’s thought leadership series with ACUMA and is shared here to extend the conversation beyond the ACUMA member community. Fair lending compliance is entering a new phase. While traditional risk areas remain under scrutiny, emerging issues — algorithmic bias, digital redlining, appraisal discrimination, and opaque decisioning — […]

This article was originally published as part of Asurity’s thought leadership series with ACUMA and is shared here to extend the conversation beyond the ACUMA member community. For credit union leaders, compliance has long been viewed as a necessary safeguard — a function designed to meet regulatory expectations and avoid adverse findings. But today’s environment […]