On March 16, 2022, the Consumer Financial Protection Bureau ("CFPB") announced in a press release changes to its supervisory operations that may dramatically expand the reach of the.
The Consumer Financial Protection Bureau recently announced that discrimination whether intentional or unintentional but produces a discriminatory outcome is an unfair, deceptive, or.
The CFPB intends to use its authority under the Consumer Financial Protection Act to identify, prohibit, and prosecute discrimination as a UDAAP - an "unfair" act or practice in any.
In an update to an exam manual, the Consumer Financial Protection Bureau says racial or other bias associated with a wide range of financial products not just credit is illegal and subject to CFPB enforcement actions.