CFPB Issues Proposal to Provide Flexibility to Certain Mortgage Lenders in Collecting Information
March 24, 2017
March 24, 2017
WASHINGTON, March 24 -- The Consumer Financial Protection Bureau issued the following news release:
The Consumer Financial Protection Bureau (CFPB) today released a proposal to amend Equal Credit Opportunity Act regulations to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The CFPB believes the proposed amendments will provide greater clarity to lenders regarding their obligations under the law, while promoting com . . .
The Consumer Financial Protection Bureau (CFPB) today released a proposal to amend Equal Credit Opportunity Act regulations to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The CFPB believes the proposed amendments will provide greater clarity to lenders regarding their obligations under the law, while promoting com . . .