CFPB’s Fair Lending Organizational Change
The acting director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, is moving members of the Office of Fair Lending and Equal Opportunity to his office. Consumer Reports reported that these fair lending staff personnel will go from filing legal enforcement actions against lenders to focusing on advocacy, coordination and education. The CFPB indicated that it will still investigate and prosecute unfair lending practices. Consumers who think they are victims of fair lending violations can continue to report instances on the CFPB’s complaint database.