Expectations for CFPB’s Fair Lending Agenda Under Biden

March 2, 2021

Publication

In a recent Law360 piece, WilmerHale’s David Ogden, Karin Dryhurst and Franca Harris Gutierrez examine some of the expectations for the Consumer Financial Protection Bureau’s fair lending agenda under President Joe Biden.

Excerpt: It is clear just a few weeks into the Biden administration that fair lending and racial equity will return as a central focus of regulators under President Joe Biden.

Biden issued a memorandum his first week in office directing the U.S. Department of Housing and Urban Development to reassess Trump-era fair housing rules.¹ And Acting Consumer Financial Protection Bureau Director Dave Uejio recently wrote that "fair lending enforcement is a top priority and will be emphasized accordingly."²

Read the Law360 article.

Footnotes
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1. Memorandum on Redressing Our Nation's and the Federal Government's History of Discriminatory Housing Practices and Policies (Jan. 26, 2021), https://www.whitehouse.gov/briefing-room/presidential-actions/2021/01/26/memorandum-on-redressing-our-nations-and-the-federal-governments-history-of-discriminatory-housing-practices-and-policies/.
2. Dave Uejio, CFPB, The Bureau is Taking Much-Needed Action to Protect Consumers, Particularly the Most Economically Vulnerable (Jan. 28, 2021), https://www.consumerfinance.gov/about-us/blog/the-bureau-is-taking-much-needed-action-to-protect-consumers-particularly-the-most-economically-vulnerable/.

Authors

David W. Ogden
Retired Partner
Franca Harris Gutierrez
Partner

Chair, Financial Institutions Practice

Co-Chair, Securities and Financial Regulation Practice
[email protected] +1 202 663 6557
+1 202 663 6557