Fair Lending Caution
Wednesday, December 3, 2014 at 11:25AM
Banking Spectrum in Banking News

The CFPB issued a bulletin warning that probing for details on a potential borrower’s Social Security disability benefits violates the Equal Credit Opportunity Act and Regulation B. Pressing too far on the details of a disability raises fair lending risks, the bureau reported. 

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).
See website for complete article licensing information.