SPCP – Did the CFPB issue an Advisory Opinion on SPCPs?

Compliance > Regulation B - ECOA
Q:  Did the CFPB issue an Advisory Opinion on SPCPs?
 
A:   Yes. In December 2020, the Bureau issued an opinion to address regulatory uncertainty regarding Regulation B, as it applies to certain aspects of SPCPs designed and implemented by for-profit organizations to meet social needs.
 
 
 

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