Comments Due to NAFCU: CFPB - Equal Credit Opportunity Act and Regulation B

Important Regulatory Dates Add to Calendar 2020-10-23 17:00:00 2020-10-23 17:00:00 Comments Due to NAFCU: CFPB - Equal Credit Opportunity Act and Regulation B NAFCU would like to highlight the following: The RFI solicits comment on potential revisions to Regulation B’s official commentary which describes how to evaluate a creditor practice for disparate impact. The Bureau seeks to understand the challenges specific to serving Limited English Proficient (LEP) consumers and to find ways to encourage creditors to increase assistance to LEP consumers. Commenters are asked to consider what the Bureau can do to support efforts to meet the credit needs of minority-owned and women-owned small businesses. Several questions implicate Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which necessitates collection of small business lending data. Comments due to NAFCU: October 23, 2020 Comments due to CFPB: December 1, 2020 Comment now   NAFCU will send comments on behalf of its members to the CFPB by their deadline (October 23, 2020). Location NAFCU digital@nafcu.org America/New_York public

NAFCU would like to highlight the following:

  • The RFI solicits comment on potential revisions to Regulation B’s official commentary which describes how to evaluate a creditor practice for disparate impact.
  • The Bureau seeks to understand the challenges specific to serving Limited English Proficient (LEP) consumers and to find ways to encourage creditors to increase assistance to LEP consumers.
  • Commenters are asked to consider what the Bureau can do to support efforts to meet the credit needs of minority-owned and women-owned small businesses. Several questions implicate Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which necessitates collection of small business lending data.

Comments due to NAFCU: October 23, 2020

Comments due to CFPB: December 1, 2020

Comment now  

NAFCU will send comments on behalf of its members to the CFPB by their deadline (October 23, 2020).