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. CRA and fair lending requirements are often viewed through the lens of compliance — obligations to be met, exams to be passed, findings to be avoided. But for […]