Industry stakeholders asked the Consumer Financial Protection Bureau (CFPB) to address the problem of unmet credit needs among minority communities, and the role discrimination may have played in creating and exacerbating those deficits.
The CFPB recently issued an advisory opinion to clarify regulatory uncertainty regarding Regulation B, which implements the Equal Credit Opportunity Act, as it applies to certain aspects of special purpose credit programs.
Read on for details.
TO READ THE FULL STORY
Cover Story: