Connecticut Banking Dept. takes no-action position on new demographic data reporting requirement for sales finance companies
CFPB Monitor
OCTOBER 15, 2018
In our blog post, we highlighted a new requirement (which appeared to be unprecedented), for sales finance companies to acquire and maintain information about the ethnicity, race, and sex of applicants for motor vehicle retail installment contracts. See 12 C.F.R. Miss, Mr. or Mrs.]). . Miss, Mr. or Mrs.]).
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