#fair-lending

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#disparate-impact #discrimination #ecoa #cfpb-rulemaking #doj #paypal #small-business #hmda-compliance
European startups
fromwww.mediaite.com
1 day ago

PayPal Settles With Trump's Justice Department for $30 Million Over Unlawful DEI' Initiative That Discriminated Against White Americans

PayPal agreed to a $30 million DOJ settlement over a discriminatory investment program, requiring a new small business initiative without race or national-origin criteria.
EU data protection
fromwww.housingwire.com
2 months ago

How to ensure locked-down compliance during HMDA reporting season, and year-round

HMDA compliance requires year-round automation and verification systems to manage increasing regulatory scrutiny, as manual processes and data errors create significant compliance risks for financial institutions.
Real estate
fromwww.housingwire.com
3 months ago

AI training for loan officers: Why AI proficiency is critical for helping borrowers

Effective AI use as an assistive tool enhances loan officers' preparation, education, and speed while preserving human judgment, accountability, and compliance.
Law
fromwww.housingwire.com
4 months ago

Mortgage trade groups back proposed ECOA changes

Mortgage trade groups back CFPB limits on disparate-impact liability under ECOA while consumer advocates warn the changes would weaken fair lending protections and access.
Social justice
fromwww.housingwire.com
4 months ago

CFPB's ECOA proposal raises alarms for women

Proposed CFPB rule would remove disparate-impact recognition, tighten discouragement definitions, and revise SPCP standards, reducing credit access for women, communities of color, and rural residents.
fromwww.housingwire.com
5 months ago

Nonprofits launch fair lending tip lines as federal oversight wanes

The NCRC announced on Wednesday a tip line for anyone who believes fair lending laws have been violated, saying it has the expertise to investigate and the resources to take action when warranted. Individuals can submit confidential complaints regarding potential violations of the Equal Credit Opportunity Act, Fair Housing Act, redlining, or unfair, deceptive or abusive acts or practices. Advocacy organizations have a key role to play in filling the gaps this administration is creating, Van Tol said.
Law
Real estate
fromwww.housingwire.com
5 months ago

GAO urges FHFA to clarify fair lending rules for AI

FHFA should clarify how Fannie Mae and Freddie Mac must comply with fair lending requirements for property technology and AI in homebuying.
US politics
fromwww.housingwire.com
9 months ago

OCC drops disparate impact enforcement

Federal agencies were directed to eliminate the use of disparate impact in enforcement under an executive order, emphasizing intentional discrimination instead.
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