Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity

Title:
Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity
Subject: ECOA, Reg B
Agency: CFPB
Status: Interpretive rule
Summary:

The Bureau of Consumer Financial Protection (Bureau) is issuing this interpretive rule to clarify that, with respect to any aspect of a credit transaction, the prohibition against sex discrimination in the Equal Credit Opportunity Act (ECOA) and Regulation B, which implements ECOA, encompasses sexual orientation discrimination and gender identity discrimination, including discrimination based on actual or perceived nonconformity with sex- based or gender-based stereotypes and discrimination based on an applicant’s associations.

FR Doc:

2021-05233

Date proposed:
Comments due date:
Effective date:

March 16, 2021

Rule compliance date:
Agency release:

CFPB Clarifies That Discrimination by Lenders on the Basis of Sexual Orientation and Gender Identity Is Illegal

Related Reg Report item(s):

Discrimination for sexual orientation, gender identity prohibited, bureau clarifies in rule

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