CFPB Releases New Baseline Review Procedures Under ECOA
July 29, 2013
The CFPB has issued new Equal Credit Opportunity Act baseline review procedures for use by its examiners. The procedures are made up of six baseline review modules for examiners to use to identify and analyze risks of ECOA violations, to facilitate the identification of certain types of ECOA and Regulation B violations, and to inform fair lending prioritization decisions for future CFPB reviews. ECOA baseline reviews are one type of fair lending review conducted by the CFPB, in addition to ECOA targeted reviews and Home Mortgage...