Search results
Dec 20, 2022 · Regulation B is part of the Equal Credit Opportunity Act (ECOA) that protects consumers from discrimination based on age, gender, ethnicity, nationality, or marital status. It also requires lenders to provide explanations to rejected applicants and prohibits them from requesting certain information not related to creditworthiness.
Sep 25, 2023 · Regulation B prohibits discrimination in credit transactions and aspects of credit transactions. It covers topics such as discrimination, notification, appraisal, self-testing, and evaluation of applications.
Apr 12, 2022 · Regulation B is a rule designed to implement the Equal Credit Opportunity Act. It prohibits lenders from discrimination in any aspect of a credit application or transaction.
This part, known as Regulation B, is issued by the Bureau of Consumer Financial Protection (Bureau) pursuant to title VII (Equal Credit Opportunity Act) of the Consumer Credit Protection Act, as amended (15 U.S.C. 1601 et seq.).
Sample Form for Collecting Certain Applicant-Provided Data Under Subpart B Appendix F to Part 1002 Tolerances for Bona Fide Errors in Data Reported Under Subpart B
Jan 4, 2021 · Learn about the ECOA, a law that promotes credit availability to all credit-worthy applicants, regardless of prohibited bases such as race, gender, or age. Find statutes, rules, regulations, guidance, and news on Reg B compliance for bankers.
Regulation B implements the Equal Credit Opportunity Act, which prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, and receipt of public assistance. It also requires creditors to provide certain notices, disclosures, and records to applicants and consumers.
