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).

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    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.

 

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