Federal Register #2026-07804

CFPB Final Rule Amending Regulation B under the Equal Credit Opportunity Act

This regulatory update from the Consumer Financial Protection Bureau (CFPB) addresses amendments to Regulation B under the Equal Credit Opportunity Act (ECOA): - Government Buyer: - Consumer Financial Protection Bureau (CFPB), a federal agency - OEMs and Vendors: - No OEMs or vendors are mentioned, as this is not a procurement action - Products/Services Requested: - No products or services are being requested - No part numbers or quantities are provided - Unique or Notable Requirements: - The rule clarifies that ECOA does not authorize disparate-impact liability - Provides further definition of discouragement of applicants or prospective applicants - Adds prohibitions and conditions for special purpose credit programs - Aims to facilitate compliance with ECOA by clarifying statutory obligations - Impact: - Significant for banks, credit unions, and other financial institutions subject to ECOA - No procurement of goods or services is involved

Description

The Consumer Financial Protection Bureau (CFPB) is issuing a final rule that amends provisions related to disparate impact, discouragement of applicants or prospective applicants, and special purpose credit programs under Regulation B, which implements the Equal Credit Opportunity Act (ECOA). The amendments aim to facilitate compliance with ECOA by clarifying the obligations imposed by the statute. The rule finalizes that ECOA does not authorize disparate-impact liability, further defines discouragement, and adds prohibitions and conditions for special purpose credit programs. The final rule is effective July 21, 2026.

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