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CFPB Provides New Guidance on Discrimination in Algorithmic Credit Decisions

USA - May 27 2022 As we have repeatedly discussed this year in our Financial Services Perspectives blog, the current leadership of the CFPB has placed a significant…

Christopher K. Friedman, David Long Jr., Andrew J. Narod

Fintechs and Non-banks Beware: CFPB to Utilize “Dormant Authority” to Examine Fintechs and Other Non-bank Financial Services Companies

USA - April 26 2022 On Monday, the CFPB issued a press release announcing that it will start using its authority to examine non-bank financial services institutions that…

Christopher K. Friedman, Shelby D. Lomax, Alex McFall, Andrew J. Narod, Caroline Waters

CFPB Director Addresses the Final Report of the Interagency Task Force on Property Appraisal and Valuation Equity

USA - March 24 2022 The current leadership of the CFPB has not been shy about highlighting the importance of fair lending—and it is becoming increasingly clear that fair…

Christopher K. Friedman, Christy W. Hancock, David Long Jr., Andrew J. Narod

CFPB Issues Release Regarding its Intent to Target “Unfair Discrimination in Consumer Finance”

USA - March 17 2022 The Consumer Financial Protection Bureau (“CFPB”) issued a release on March 16, 2022 in order to announce changes to its supervisory operations with…

Christopher K. Friedman, David Long Jr., Andrew J. Narod

FTC Updates CFPB on Action in the Fair Lending Space

USA - March 16 2022 In early February, the Federal Trade Commission (FTC) sent its annual letter to the Consumer Financial Protection Bureau (CFPB). The letter explained…

Christopher K. Friedman