NCUA Q&As – Can you discuss the recent Consumer Financial Protection Bureau’s (CFPB) guidance (Bulletin 2013-02) on credit unions' responsibility for the fair lending performance of indirect dealers?

Compliance > Lending > Fair Lending
Q:   Can you discuss the recent Consumer Financial Protection Bureau’s (CFPB) guidance (Bulletin 2013-02) on credit unions' responsibility for the fair lending performance of indirect dealers?
 
A:  Credit unions should review their indirect lending programs in conjunction with the CFPB's bulletin to assure their programs comply with the Equal Credit Opportunity Act and Regulation B.
 
 
ADDITIONAL INFORMATION:
This Q&A was obtained from NCUA’s website, in a document entitled “NCUA Fair Lending Examination and Compliance Program for Federal Credit Unions,” which may be found here: 
 

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