Site icon TV Delmarva

FTC Staff Provides Annual Letter to CFPB On 2023 Equal Credit Opportunity Act Activities

The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its enforcement and related activities on the Equal Credit Opportunity Act (ECOA).

The FTC is responsible for ECOA enforcement and education regarding most non-bank financial service providers. In its summary, FTC staff describes the Commission’s work on ECOA-related issues, including activities addressed in enforcement, research, and policy development such as:

The summary also outlines the Commission’s business and consumer education efforts on fair lending issues.

The Commission vote authorizing staff to send the summary to the CFPB was 3-0. A copy of the summary was also provided to the Federal Reserve Board.

The lead attorney on this matter for the FTC was Carole Reynolds in the Bureau of Consumer Protection.

Exit mobile version