This content was originally published by the Consumer Financial Protection Bureau. We selectively syndicate content from them when we feel it may help you to…
Category: Equal Credit Opportunity Act
New effort focused on financial issues facing rural communities
Posted in At the CFPB, Community banks, Discrimination, Equal Credit Opportunity Act, Everyone has a story, Financial service providers, and Payday loans
The Consumer Financial Protection Bureau has launched a new initiative to focus on financial issues facing rural America. Our effort will initially focus on rural banking deserts, discriminatory and predatory agricultural credit, and manufactured housing.
Using special purpose credit programs to serve unmet credit needs
Posted in Access to credit, At the CFPB, Banking, Equal Credit Opportunity Act, Fair lending, and Mortgages
Far too many minority households and businesses continue to lack fair and equitable access to credit. Federal agencies encourage lenders to explore use of special purpose credit programs to better serve historically disadvantaged individuals and communities.