18 Jul 2023
Fair Lending Regulation—Regulatory Tracker
Recent changes in a wide range of fair lending laws and regulations reflect U.S. banking regulators’ efforts to modernize fair lending rules, account for artificial intelligence (AI) credit algorithms, and confirm online and marketplace lending compliance. Access this tracker for key rule summaries on federal consumer lending rules. It includes all fair lending rules beginning January 1, 2021, and captures rules promulgated by the Consumer Financial Protection Agency (CFPB) and Federal Trade Commission (FTC).
Related Content
- Fair Lending Laws and Enforcement Trends
Explore the primary federal fair lending laws, enforcement activity, and recent trends in this comprehensive practice note.
- Legal Framework for U.S. Consumer Regulatory Law
Gain a complete understanding of the regulatory framework for financial institutions and entities that provide consumer financial services. This practice note provides the practitioner with a view of the CFPB’s rulemaking and supervision authority in regulating consumer financial products and services.
- Fair Lending Presentation
Institutions can utilize this presentation to aid in training employees, lenders, and third parties on fair lending requirements for consumer lending transactions. The presentation contains an overview of fair lending laws and steps to ensure compliance in consumer lending.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insight documents on trending areas for financial institutions.
- Fair Lending Regulation Resource Kit provides links to practice notes, checklists, articles, and guidance on key issues, laws, and regulations applicable to in-house lawyers and counsel advising on consumer lending.
- Generative Artificial Intelligence (AI) Resource Kit is a collection of current guidance on generative AI, ChatGPT, and similar tools.
- Bank Failure Resource Kit assembles Practical Guidance resources covering topics related to the recent bank failures.
- Financial Services Regulation State Law Comparison Tool (Topic: Consumer Financial Regulation Laws)
Access this tool for state-specific guidance and the ability to compare state laws in the areas of consumer lending, credit card lending, and residential mortgage loans. The content also addresses key questions on oversight and supervision, advertising, marketing, usury, fraud, and unfair and deceptive trade practices. - The Practical Guidance Journal Second Edition 2023 includes legal developments on generative AI, bank failure impacts, and the risks created by crypto-assets.
- Check out the new Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 23 practice areas and find out how you can Become a Practical Guidance Author.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
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