Expectations for CFPB’s Fair Lending Agenda Under Biden

Expectations for CFPB’s Fair Lending Agenda Under Biden

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Counseling clients on challenging banking and financial services issues and complex consumer financial services rules and regulations.

In a recent Law360 piece, WilmerHale’s David Ogden, Karin Dryhurst and Franca Harris Gutierrez examine some of the expectations for the Consumer Financial Protection Bureau’s fair lending agenda under President Joe Biden.

Excerpt: It is clear just a few weeks into the Biden administration that fair lending and racial equity will return as a central focus of regulators under President Joe Biden.

Biden issued a memorandum his first week in office directing the U.S. Department of Housing and Urban Development to reassess Trump-era fair housing rules.1 And Acting Consumer Financial Protection Bureau Director Dave Uejio recently wrote that "fair lending enforcement is a top priority and will be emphasized accordingly."2

Read the Law360 article.

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