Fair Lending Laws/Regulations Equal Credit Opportunity Act (ECOA) This law affects every phase of the lending process and prohibits discrimination on the basis of: Age Race or color Sex (including gender, gender identity and sexual orientation) Marital status National origin Race Religion Exercising...
The fair lending laws and the Community Reinvestment Act were passed after banks were thought to have failed in serving the credit needs of communities and disadvantaged groups. To evaluate the efficacy of these regulations, recent trends in mortgage lending activity are examined. Results show that ...
because it found abundant evidence of abusive, deceptive, and unfair debt collection practices. It thought debt collection laws at that time were inadequate to protect consumers when it came to bill collection, and recognized abusive debt collection practices could contribute to problems like unemploymen...
Although sexual orientation and gender identity are not protected classes nationally or state-wide, Dayton and some other cities do offer protection, and the Fair Housing Act and HUD regulations offer some protections. Get more info here.
Fair Lending Adds New Dimension to Bank RegulationsRegulatory burden on banks has taken on a new, onerous dimension under the Clinton...Titus, Nancy Raiden