Comments due on CFPB RFI on inclusive fair lending
The CFPB has issued a request for information to seek public input on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction. The information provided will help the Bureau continue to explore ways to address regulatory compliance challenges while fulfilling the Bureau's core mission to prevent unlawful discrimination and foster innovation.
The Bureau is substituting the request for information for a symposium on Equal Credit Opportunity Act issues that had been planned for the fall.
Comments on the request will be accepted for 60 days following publication in the Federal Register.
PUBLICATION UPDATE: Scheduled for publication on August 3, 2020. Comments will be due by October 2, 2020.
UPDATE: The Bureau has announced it will extend the comment period by 60 days to end December 1, 2020.