Federal lawsuit says CFPB should collect data on business-loan applications from women and minorities

CFPB Poised to Expand Regulation to Small Business Lending: Expect the Unexpected. Section 1071 requires financial institutions to collect certain data elements in connection with covered business loan applications, including the race, gender, and ethnicity of the principal owners of the.

Home CFPB seeking Assistant Director to advise on small business lending data collection rules. 1071 amended the ECOA to require financial institutions to collect and maintain certain data in connection with credit applications made by women- or minority-owned businesses and small businesses.

More Californians Could Afford to Buy a Home in Early 2019 If you are part of the generation born between the mid-1990s and mid-2000s, a study shows you will need to save $304 every month for the next 12 years if you want to buy a median priced home with a 10.

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in a federal district court against a Georgia-based firm, Frederick J. Hanna & Associates, and its three principal partners for operating a debt collection lawsuit mill that uses illegal tactics to intimidate consumers into paying debts they may not owe.

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Director of the CFPB.. on small business lending in our Fair Lending work going forward.. to consumers; coordinating our fair lending efforts with Federal and. I am proud to say that the Office continues to fulfill our Dodd-Frank. collect and report data on lending to women-owned, minority-owned, and.

Although the no-action letter reveals that the CFPB remains committed to completing its inquiry into the use of alternative data to expand credit, it offers little guidance outside of the contours of Upstart’s platform and Upstart may still have to deal with fair lending issues with the CFPB down the road.

USA TODAY's review of government foreclosure data found a. Including fees and penalties, his loan servicer says he now owes more than $20,000. Six steps advocates say would curb reverse mortgage foreclosure.. In response to a lawsuit filed by AARP, the federal government took action in 2014.

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The U.S. House on Friday passed a bill reauthorizing the Elementary and Secondary Education Act (ESEA), known as No Child Left Behind, the first passage of major K-12 legislation in more than a decade.