Consumer Financial Protection Bureau revises Regulation B fair-lending obligations
Creditors must update Regulation B fair-lending controls by July 2026
CFPB
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Change
Consumer Financial Protection Bureau issued a final rule amending Regulation B provisions on disparate impact, applicant discouragement and special purpose credit programs under ECOA.
Why it matters
The amendments change how Regulation B states ECOA obligations for fair-lending compliance. Creditors must align policies, marketing controls and special purpose credit program governance before the rule takes effect.
Implications
- — Creditors subject to Regulation B must update ECOA compliance policies before 21 July 2026 because CFPB changed provisions on disparate impact, applicant discouragement and special purpose credit programs.
- — Fair-lending compliance teams must revise applicant-discouragement controls because CFPB amended Regulation B provisions governing applicants and prospective applicants.
- — Credit product and compliance teams operating special purpose credit programs must update program governance because CFPB changed the Regulation B provisions governing those programs.
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