On January 17, 2025, the CFPB filed a complaint against an Illinois-based non-depository mortgage lender for allegedly engaging in ...

Women's earnings still have a way to go in catching up to men's, but when it comes to credit, the two groups now share the same average credit score. According to credit bureau Experian's data ...

the Equal Credit Opportunity Act obligates the lender to either tell you why the application was rejected or to let you know that you have the right to learn why you were denied if you ask within ...

Debt consolidation can be an excellent way to get multiple debts under control and paid off quicker. It allows you to merge them into one loan with a fixed interest and a single monthly payment.

It’s worth noting that the federal Equal Credit Opportunity Act does not single out people with disabilities as a protected group. However, the law does prohibit discrimination against credit ...

The Equal Credit Opportunity Act in 1974 established rules about what creditors were allowed to ask people to disclose, like sex or marital status. Creditors were also required to tell applicants ...

CFPB charges Draper & Kramer with redlining and discriminatory lending in Chicago and Boston, proposing a 5-year ban and $1.5 million penalty.

Johnson in 1965, prohibited federal contractors from discriminating in employment and required them to take affirmative action to ensure equal opportunity. The 60-year-old act has been amended and ...