Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements

May 18, 2022 CFPB, Regulation lookup 0

Title:	Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements
Subject:	ECOA; unfavorable changes to credit terms
Agency:	CFPB
Status:	Advisory opinion
Summary:	The Consumer Financial Protection Bureau (CFPB) is issuing this advisory opinion to affirm that the Equal Credit Opportunity Act and Regulation B protect not only those actively seeking credit but also those who sought and have received credit.
FR Doc:	2022-10453
Date proposed:
Comments due date:
Effective date:	Applicable May 18, 2022
Rule compliance date:
Agency release:
Related Reg Report item(s):	ECOA bars lenders from discriminating after making loan too, advisory opinion states

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