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THE CONSUMER FINANCIAL PROTECTION BUREAU: FAIR LENDING AT WORK

June 2012. THE CONSUMER FINANCIAL PROTECTION BUREAU: FAIR LENDING AT WORK. Tim Lambert Senior Counsel, Office of Fair Lending and Equal Opportunity Consumer Financial Protection Bureau

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THE CONSUMER FINANCIAL PROTECTION BUREAU: FAIR LENDING AT WORK

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  1. June 2012 THE CONSUMER FINANCIAL PROTECTION BUREAU: FAIR LENDING AT WORK Tim Lambert Senior Counsel, Office of Fair Lending and Equal Opportunity Consumer Financial Protection Bureau Note: This document was used in support of a live discussion. As such, it does not necessarily express the entirety of that discussion nor the relative emphasis of topics. FAIR LENDING AT WORK

  2. THE DODD–FRANK ACT CREATED THE OFFICE OF FAIR LENDING AND EQUAL OPPORTUNITY FAIR LENDING AT WORK

  3. CFPB’S KEY FAIR LENDING LAWS FAIR LENDING AT WORK

  4. CFPB ADOPTS THE DISPARATE IMPACT DOCTRINE WAYS TO PROVE DISCRIMINATION UNDER ECOA FAIR LE NDING AT WORK

  5. OFFICE OF FAIR LENDING FUNCTIONS HORIZONTALLY WITHIN CFPB OFFICE OF FAIR LENDING AND EQUAL OPPORTUNITY FAIR LENDING AT WORK

  6. CONSUMER RESPONSE – DISCRIMINATION COMPLAINTS FAIR LENDING AT WORK

  7. CONSUMER EDUCATION AND ENGAGEMENT Financial Empowerment • Enhance access to and knowledge of financial products and services among lower-income consumers Financial Education • Provide targeted educational content • Example: “Credit Discrimination is Illegal” Brochure STUDENTS SERVICEMEMBERS OLDER AMERICANS Engaging consumers and empoweringthem to take control of their financial lives are top priorities for the CFPB. The Bureau aims to provide consumers with the information they need when they need it, so that they can achieve their own financial goals. FAIR LENDING AT WORK

  8. KNOW BEFORE YOU OWE FAIR LENDING AT WORK

  9. FAIR LENDING RESEARCH FAIR LENDING AT WORK

  10. FAIR LENDING REGULATIONS FAIR LENDING AT WORK

  11. FAIR LENDING SUPERVISION CONSUMER FINANCE MARKET FAIR LENDING AT WORK

  12. FAIR LENDING RISK FACTORS FAIR LENDING AT WORK

  13. KEY AREAS FOR FAIR LENDING EXAMINATIONS FAIR LENDING AT WORK

  14. FAIR LENDING ENFORCEMENT FAIR LENDING AT WORK

  15. FAIR LENDING OUTREACH PROMOTING FAIR LENDING COMPLIANCE AND EDUCATION AMONG: FAIR LENDING AT WORK

  16. CFPB AND THE OFFICE OF FAIR LENDING www.consumerfinance.gov WE WANT TO HEAR FROM YOU! WORKING WITH YOU WORKING FOR YOU FAIR LENDING AT WORK

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