Equal Credit Opportunity Act (ECOA) for fair lending practices

The Consumer Financial Protection Bureau (CFB) underscores ECOA compliance

The CFPB recently issued regulatory guidance on ECOA to emphasize its importance and clarify the extent of its anti-discrimination protections. Explore our blog to learn more about its key aspects, compliance program implications and what you may want to do now.

Why ECOA compliance

Despite the increased sophistication of models and other quantitative methods used throughout the lending process, the need to understand and provide a rationale for credit decisions remains key to demonstrating ECOA compliance. The recent CFPB guidance reminds lenders to apply the ECOA anti-discrimination law throughout the credit lifecycle. The CFPB highlights how ECOA prohibits discrimination, throughout the credit life cycle, and encourages creditors to ensure compliance. Download our blog to learn more about the CFPB guidance, its implications, and the actions you can take.

What lenders need to know about adverse action notification, the use of fintech solutions and credit decision modeling, and compliance with the Equal Credit Opportunity Act (ECOA)

Get in touch

James Siciliano
Managing Director | Deloitte & Touche LLP

Gina Primeaux
Principal | Deloitte & Touche LLP

Thomas Nicolosi
Principal | Deloitte & Touche LLP

John Graetz
Principal | Deloitte & Touche LLP

Monica Nguon
Senior Manager | Deloitte & Touche LLP


Deloitte Center for Regulatory Strategy

Irena Gecas-McCarthy
Principal | Deloitte & Touche LLP

Michele Jones
Senior Manager | Deloitte & Touche LLP

Kyle Cooke
Senior Consultant | Deloitte & Touche LLP

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