Bulletin 2012-04 Re: Lending Discrimination (Apr. 18, 2012)

In response to recent inquiries, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) issues this bulletin to provide guidance about compliance with the fair lending requirements of the Equal Credit Opportunity Act (“ECOA”), and its implementing regulation, Regulation B. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank Act” or “Act”) granted CFPB authority to supervise and enforce compliance with the ECOA for entities within CFPB’s jurisdiction and to issue regulations and guidance to interpret the ECOA.