CFPB leader not backing down on lending discrimination cases

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In that case, the discrimination is unintentional – caused by a flawed policy or test. But the CFPB case doesn’t seem to involve a flawed test. More likely with performance evaluations, it is the bias of supervisors conducting the tests that causes the disparate results.

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CFPB Leaders Discuss Bureau’s Approach To Enforcement;. DOJ Reaches Deal In Auto Lending Discrimination Case. Why it matters.. Specifically, the dealerships must omit hidden fees from the required down payment, are prohibited from repossessing a vehicle until the borrower has missed at.

The Trump administration has stripped enforcement powers from the leaders of a Consumer Financial Protection Bureau unit responsible for pursuing discrimination cases, part of a broader effort to reshape an agency it criticized as acting too aggressively. The move to sharply restrict the.

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Banks, student-loan agencies and payday lenders are the winners.. Pulling back before the case proceeds to trial would mark a stark reversal in. Mulvaney's first significant move as CFPB chief seemed arcane, and came.. it ” sent a signal they should not back away from enforcing the laws vigorously.

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CFPB Bulletin 2012-04 (Fair Lending) Date: April 18, 2012 . Subject: Lending Discrimination . In response to recent inquiries, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") issues this bulletin to provide guidance about compliance with the fair lending requirements of the Equal Credit Opportunity Act ("ECOA"),

The CFPB’s dismantling of the case against NDG is the latest example of the bureau backing off of payday loan companies accused of defrauding consumers – an industry that donated more than.

The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector.CFPB’s jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States.