Web(a) Authority and scope. This part, known as Regulation B, is issued by the Bureau of Consumer Financial Protection (Bureau) pursuant to title VII (Equal Credit Opportunity … Web(a) Authority and scope. This part, known as Regulation B, is issued by the Bureau of Consumer Financial Protection (Bureau) pursuant to title VII (Equal Credit Opportunity Act) of the Consumer Credit Protection Act, as amended (15 U.S.C. 1601 et seq.).Except as otherwise provided herein, this part applies to all persons who are creditors, as defined in …
eCFR :: 12 CFR Part 202 -- Equal Credit Opportunity Act …
WebRegulation B specifically prohibits a creditor from treating the submission of a joint financial statement or other evidence of jointly held assets as an application for joint credit. There … Web§ 1002.9 is part of 12 CFR Part 1002 (Regulation B). Regulation B protects applicants from discrimination in any aspect of a credit transaction. Skip to main ... The Federal Equal … pocasi estonsko tallinn
What Is Regulation B (Reg B)? - Investopedia
WebApr 14, 2015 · Under Reg. B, the term "applicant" means any person who is or may become liable for the debt, including a guarantor. In attempting to address discrimination based on marital status, Reg. B expressly forbids lenders from requiring the signature of a borrower's spouse on "a credit instrument" unless certain conditions are met. WebJan 29, 2024 · What Is Regulation B? The Consumer Financial Protection Bureau (CFPB) issued regulations under the ECOA that became known as “Regulation B.” The purpose of Regulation B is to promote the availability of credit to all creditworthy applicants. It prohibits creditors from discriminating on any basis. WebOct 8, 2009 · Regulation B is a regulation intended to prevent applicants from being discriminated against in any aspect of a credit transaction. Regulation B outlines the rules that lenders must adhere to when ... Redlining is the unethical practice where financial institutions make it extremely … Community Reinvestment Act - CRA: An act of Congress enacted in 1977 with the … Fair Housing Act: The Fair Housing Act (Title VIII of the Civil Rights Act of 1968) … pocahontas vanessa williams