article thumbnail

Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold

CFPB Monitor

The court noted the plaintiffs asserted “that HMDA data have been invaluable in ‘uncovering and addressing redlining, fair lending violations, and other inequitable lending practices’ over the decades.” Additionally, a number of the new data reporting items are complex.

DC 78
article thumbnail

CFPB Issues Interpretive Rule Clarifying that Sex Discrimination under ECOA and Regulation B Includes Sexual Orientation and Gender Identity Discrimination

CFPB Monitor

Under the leadership of Acting CFPB Director Dave Uejio, the Bureau issued an interpretive rule on March 9, 2021 clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act (“ECOA”) and Regulation B includes sexual orientation and gender identity discrimination.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

D.C. Circuit denies motions to intervene in PHH case

CFPB Monitor

Circuit panel that issued the PHH decision last October has issued a per curiam order denying the three motions to intervene that were filed in the case last month.

article thumbnail

PHH files supplemental response to CFPB’s rehearing petition; opposes state AGs’ motion to intervene

CFPB Monitor

This past Friday, PHH filed a supplemental response to the CFPB’s petition for en banc rehearing and a response opposing the motion filed by Democratic Attorneys General of 16 states and the District of Columbia to intervene in the PHH appeal. Supplemental Response. Response to Motion to Intervene. ”

article thumbnail

PHH opposes motion to intervene filed by Democratic lawmakers

CFPB Monitor

In its response in opposition to the motion to intervene filed by the Democratic Attorneys General of 16 states and the District of Columbia, PHH indicated that it would be responding to the motion to intervene filed by the Democratic lawmakers as well as the motion to intervene filed by the consumer advocacy groups.

article thumbnail

OCC Chief Praises Mulvaney On Halting Payday Rule

PYMNTS

” “I have been impressed with Mick’s leadership and emphasis on operational efficiency and excellence,” Otting added. . ” “I have been impressed with Mick’s leadership and emphasis on operational efficiency and excellence,” Otting added. Court of Appeals for the District of Columbia.

article thumbnail

D.C. Circuit grants motion of U.S. for leave to file amicus brief in PHH by March 17; denies motions to intervene

CFPB Monitor

The petition for rehearing en banc filed by Democratic AGs from 16 states and the District of Columbia was denied as were the motions for reconsideration en banc filed by Senator Sherrod Brown and Representative Maxine Waters and by Americans for Financial Reform, Center for Responsible Lending, Leadership Conference on Civil and Human Rights, United (..)