Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Tag Archives: fair lending

States Diverge From Federal Regulators on Disparate Impact

Posted in Financial Services Litigation and Enforcement, Regulatory and Compliance
Federal and state fair lending regulators are charting different courses for the future of “disparate impact” liability under the Equal Credit Opportunity Act and analogous state law. For its part, the federal policymaking apparatus is working to limit or eliminate disparate impact liability under ECOA, basing the change on the Supreme Court’s… Read the rest