FTC Staff Provides Annual Report to CFPB on Equal Credit Opportunity Act Activities

The staff of the Federal Trade Commission have provided an annual report to the Consumer Financial Protection Bureau on the FTC’s activities related to the enforcement of the Equal Credit Opportunity Act, or ECOA.

The FTC is responsible for ECOA enforcement and education related to most non-bank financial service providers. In the letter to the CFPB, staff details the Commission’s work on a number of policy issues related to ECOA, including issues addressed in FTC workshops and reports. In addition, the letter outlines the Commission’s business and consumer education efforts related to fair lending issues.     

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