Providing Limited English Proficiency Consumer Disclosures

Fair lending laws are undergoing significant changes in light of federal deregulation. While federal law does not currently require financial institutions to provide consumer disclosures in non-English languages for individuals with limited English proficiency (LEP), many states continue to require and enforce language-specific disclosure mandates. Further, institutions must still comply with fair lending laws including the Equal Credit Opportunity Act (ECOA) and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), to ensure that their lending practices are not discriminatory or unfair to LEP consumers. Institutions should carefully evaluate this Fair Lending Compliance: Limited English Proficiency Consumer Disclosure Checklist as part of their LEP strategies to ensure fairness, clarity, and compliance in the absence of federal guidance.

Read now »

Related Content                   

• CFPB's Vought Set to Ditch Dozens of Guidance Docs
  Explore this Law360 Article discussing the Consumer Financial Protection Bureau’s (CFPB) withdrawal of interpretive rules, policy statements, and other guidance documents dating back to 2011, including the CFPB's withdrawal of guidance addressing LEP borrowers. This action is part of the new Administration’s broader regulatory rollback.

• Mitigating the Risks Associated with the Equal Credit Opportunity Act
  Review this practice note, expertly written by Robert Maddox, Jonathan R. Kolodziej, Jason R. Bushby, and Tom Mostellar of Bradley Arant Boult Cummings LLP, for a clear understanding of ECOA related litigation and common defenses.

• Fair Lending Presentation
  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 with consumer lending.

• Fair Lending Laws and Enforcement Trends
  Examine federal fair lending laws that received a greater level of regulatory scrutiny historically. This practice note summarizes fair lending enforcement activity and recent trends in this area.

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account. 

• New! Discover Practical Guidance Content and Resources
  Read  this update to see the newest additions to Practical Guidance. This guide is designed to help you find the tools and insights you need to work more efficiently and effectively.
• Trends & Insights provides the latest in news articles and insight documents on trending areas for financial service organizations.
• Financial Services Regulation Trackers provide up to date information on legislation and key administrative proceedings from federal, state and local banking authorities. New fair lending guidance is included in the Fair Lending Regulation Tracker.
• State Law Comparison Tool—Topic: Mortgage Servicing Fees provides guidance on permissible mortgage servicing fees for institutions located in various states. It answers questions and provides key information on statutory fees for mortgage servicers and the necessary consumer fee disclosures.
• For Practical Guidance content on important recent trends, review these easy-to-use Resource Kits on a variety of emerging topics: 
  • Fair Lending Resource Kit
  • Bank Regulatory Counsel Resource Kit
• Trump Transition Coverage in Practical Guidance 
  The Trump Transition Resource Kit is a consolidated listing of guidance related to new actions and orders, and the Presidential Executive Actions Tracker is a frequently updated listing and description of many of the recently implemented presidential orders and rescissions of previous administration orders. 

• New! Practical Guidance Journal, 2025 Second Edition features guidance for regulating AI in the workplace in 2025, Intellectual Property issues related to deepfakes, the emergence of AI in mergers and acquisitions, and a checklist to help when evaluating AI technology risks.
• Browse the Practical Guidance Author Center to see the 2600+ leading attorney authors contributing to our 26 practice areas. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.   
• 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. 
• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
• Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: Generative AI, NFTs, Cannabis, and more.    

PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+