Original Content
CFPB and Justice have withdrawn a joint statement linked to a creditor’s consideration of an individual’s immigration status under the Equal Credit Opportunity Act.
Consumer Financial Protection Bureau and the Department of Justice Withdraw Joint Statement on Fair Lending and Credit Opportunities for Noncitizen Borrowers
AI Summary
The Consumer Financial Protection Bureau and the Department of Justice have withdrawn a joint statement regarding how creditors can consider an individual’s immigration status under the Equal Credit Opportunity Act. This withdrawal impacts how noncitizen borrowers are treated in credit union lending practices.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities and is a general federal action affecting all creditors equally under the Equal Credit Opportunity Act.