Consumer Financial Services Law Blog
Dykema Gossett PLLC
Dykema Gossett PLLC

Consumer Financial Services Law Blog

Consumer Financial Services Law Blog

News and analysis regarding Consumer Financial Services litigation and regulation, and activities of the Consumer Financial Protection Bureau

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Showing 4 posts in Discrimination.

CFPB Proposes Changes to Expand Credit in Rural and Underserved Communities

On January 29, 2015 the Consumer Finance Protection Bureau (CFPB) proposed several changes to its mortgage lending rules which would apply to small creditors who lend money to those in rural and underserved communities. The amendments are an attempt to address the collateral consequences of strict regulations enacted in January 2013 pursuant to the Dodd-Frank Act. Read More ›

HUD Exceeded its Authority By Creating a Disparate Impact Rule for Homeowners Insurance

The U.S. District Court for the District of Columbia ruled this month that the Department of Housing and Urban Development (HUD) exceeded its authority under the Administrative Procedure Act by creating a disparate impact rule beyond the scope of the language in the Fair Housing Act (FHA). The case, American Insurance Association v. HUD, Case No. 13- cv-966, U.S. District Court, District of Columbia, addresses a HUD-created rule that prevented the pricing of homeowners insurance that has a disparate impact on minorities. Although the FHA bars disparate treatment and intentional discrimination toward minorities in housing practices, the FHA does not address disparate impact. In the housing context, the doctrine of disparate impact holds that practices in housing may be considered discriminatory and unlawful if they have a disproportionate adverse impact on individuals of a protected trait. Read More ›

CFPB Presents Annual Fair Lending Report to Congress

On April 30, the Consumer Financial Protection Bureau (the CFPB) presented its annual Fair Lending Report to Congress.  The Fair Lending Report details the CFPB’s actions and initiatives during 2013. In particular, the Report reveals how the CFPB makes enforcement decisions and includes examples of several of the CFPB’s enforcement actions from past year.  Read More ›

Congress Presses the CFPB on Auto Finance Oversight

On March 7, 2014, the House Financial Services Committee sent the CFPB a terse letter demanding an explanation of the CFPB’s methodology for determining discriminatory practices in the automotive finance industry. The CFPB was asked to respond by March 13, but the Committee reports that no response has been received. The Committee’s interaction with the CFPB comes in the wake of an increase in the number of automotive finance lenders under review since the beginning of 2013. Read More ›