Knowledge Tree
Federal Trade Commission
Also known as: FTC
Facts (18)
Sources
Fair Lending Report of the Consumer Financial Protection Bureau federalregister.gov Jul 2, 2024 7 facts
claimThe Interagency Working Group on Fair Lending Enforcement is a standing working group of Federal agencies, including the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), the Department of Housing and Urban Development (HUD), and the Federal Trade Commission (FTC), that meets regularly to discuss issues relating to fair lending enforcement.
accountThe Federal Trade Commission (FTC) and the State of Wisconsin brought an enforcement action in Federal court against Rhinelander (a Wisconsin auto dealer group), its current and former owners, and general manager Daniel Towne in 2023, alleging violations of the Equal Credit Opportunity Act (ECOA) and Regulation B by discriminating against American Indian consumers through higher financing costs and fees.
claimThe Federal Trade Commission (FTC) is an enforcement agency that does not conduct compliance examinations.
measurementIn 2023, the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), and the Federal Trade Commission (FTC) collectively brought four fair lending enforcement actions.
procedureThe settlement between the Federal Trade Commission and Rhinelander's current owners and Daniel Towne requires the company to establish a comprehensive fair lending program, allow consumers to seek outside financing, cap additional interest markups, and pay $1 million to refund affected consumers.
claimThe Interagency Task Force on Fair Lending consists of the Consumer Financial Protection Bureau (CFPB), the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Department of Justice (DOJ), and the Federal Housing Finance Agency (FHFA).
claimConsumer Financial Protection Bureau (CFPB) personnel meet regularly with personnel from the Department of Justice (DOJ), the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), the Federal Housing Finance Agency (FHFA), State Attorneys General, and prudential regulators to coordinate and discuss the CFPB's fair lending work.
Fair Lending Enforcement Program - Department of Justice justice.gov 2 facts
accountThe Department of Justice, the Secretary of the Department of Housing and Urban Development, and the Federal Trade Commission filed a lawsuit against Delta Funding Corporation, a subprime mortgage lender operating in Brooklyn and Queens, alleging violations of fair lending and consumer protection laws.
accountThe Federal Trade Commission filed an action against Capital City Mortgage Corporation, a lender in the District of Columbia, charging the company with a variety of unfair lending practices.
Media Coverage - News Center - Baruch College newscenter.baruch.cuny.edu 2 facts
Medical Hallucination in Foundation Models and Their ... medrxiv.org Mar 3, 2025 1 fact
claimThe Federal Trade Commission (FTC) holds primary oversight authority for AI system deployment in the United States, with the power to take action against companies that misrepresent AI capabilities or deploy systems causing consumer harm, as stated by the Federal Trade Commission (2024).
Predatory Lending Practices - House.gov commdocs.house.gov 1 fact
claimThe Federal Trade Commission has been conducting enforcement actions regarding predatory lending practices.
Key 2025-2026 Regulatory Compliance and Lending Law Changes winnow.law Feb 17, 2026 1 fact
procedureCompliance and risk teams must audit credit scoring algorithms for medical debt variables, engage data science teams to recalibrate predictive models without medical obligations, and monitor Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) guidance on permissible underwriting criteria.
The Fair Lending Implications of Targeted, Internet Marketing consumercomplianceoutlook.org 1 fact
claimThe Federal Trade Commission issued a report in January 2016 titled 'Big Data: A Tool for Inclusion or Exclusion?' which advised caution regarding whether targeted marketing of credit products using data and algorithms might violate the Equal Credit Opportunity Act (ECOA).
Mortgage Banking Update - February 19, 2026 | Alerts and Articles ballardspahr.com Feb 19, 2026 1 fact
claimThe Federal Trade Commission and the state of New York have implemented enforcement similar to the California Attorney General's actions regarding surveillance pricing.
Predatory Lending Resources | FDIC.gov fdic.gov Aug 11, 2023 1 fact
referenceThe Federal Trade Commission (FTC) Rule on Preservation of Consumer Claims and Defenses is codified at 16 C.F.R. § 433.
Predatory Lending — An Explainer - MECEP mecep.org Mar 24, 2023 1 fact
perspectiveFederal regulators, including the Department of Justice, the Federal Trade Commission, and the Consumer Financial Protection Bureau, should utilize their authority to enforce regulations against illegal online lending.