FTC provides CFPB with summary of ECOA enforcement activities

This story appeared in Bank Digest.                                     

Federal Trade Commission staff has provided the Consumer Financial Protection Bureau with an annual summary of the Commission's activities enforcing the Equal Credit Opportunity Act during 2018. The FTC is responsible for ECOA enforcement and education regarding most nonbank financial service providers.

According to a press release, the FTC's document describes the Commission's work on ECOA-related policy issues, including activities addressed in research and policy development, and also outlines its business and consumer education efforts on fair lending issues.