Financial institutions subject to the Equal Credit Opportunity Act (ECOA) and Regulation B are prohibited from using fraud detection screens, policies, or procedures as a justification to violate or circumvent fair lending laws.

Authors

• Person: Not available Organization: Consumer Financial Protection Bureau
  Fair Lending Report of the Consumer Financial Protection Bureau

Sources

• Fair Lending Report of the Consumer Financial Protection Bureau www.federalregister.gov Consumer Financial Protection Bureau via serper

Referenced by nodes (2)

• Equal Credit Opportunity Act concept
• Regulation B concept