Mortgage

CFPB, DOJ to partner on fair lending efforts

The U.S. Department of Justice and the Consumer Financial Protection Bureau have signed an agreement to coordinate fair lending enforcement efforts, including the sharing of information, joint investigations, and referrals from the CFPB to the Justice Department of potential Equal Credit Opportunity Act (ECOA) violations in cases where the Bureau has reason to believe that a creditor has engaged in a pattern or practice of lending discrimination, several attorneys wrote on the JDSupra website.

They added: “The agencies will also meet regularly to discuss pending fair lending investigations and opportunities for coordination.”

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