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| CFPB publishes Fair Lending Report |
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The CFPB has published its Fair Lending Report, offering a summary of its fair lending work during 2025.
The report outlines that, over the reporting period and into 2026, the bureau has taken the following actions:
• Abandoned disparate impact as a supervision and enforcement tool;
• Stopped consulting with institutions regarding special purpose credit programs based on race, color, national origin, or sex and prioritized addressing unlawful debanking;
• Revised its small business lending rule, which implements Section 1071 of the Dodd-Frank Act, to narrow the scope of the covered institutions and transactions; and
• Withdrew 67 guidance documents, including fair lending bulletins and interpretive rules.
The agency noted that it did not initiate any supervisory activities or cite any fair lending violations during this reporting period.
Copyright © 2024-2026 America's Credit Unions. (link) |
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