Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements

May 18, 2022 CFPB, Regulation lookup 0

Title: Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements
Subject: ECOA; unfavorable changes to credit terms
Agency: CFPB
Status:
Advisory opinion
Summary:

The Consumer Financial Protection Bureau (CFPB) is issuing this advisory opinion to affirm that the Equal Credit Opportunity Act and Regulation B protect not only those actively seeking credit but also those who sought and have received credit.
FR Doc: 2022-10453
Date proposed:
Comments due date:
Effective date:

Applicable May 18, 2022
Rule compliance date:
Agency release:
Related Reg Report item(s):

ECOA bars lenders from discriminating after making loan too, advisory opinion states