CFPB's New Fair Lending Rule is Out – No Surprises But Big Changes

For those waiting on pins and needles to see how the Consumer Financial Protection Bureau (CFPB) under new leadership would implement recent presidential directives related to discrimination and the constitutional guarantee of equal protection under the law in the credit context – the seemingly inevitable has happened. The agency has moved swiftly to change various longstanding fair lending provisions in place for fifty years.... By: Baker Donelson