Consumer Bureau Expands Reach of Equal Credit Law

Equal credit offers protection AFTER loans are made, too

Photo by Luke Stackpoole on Unsplash

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion extending protections found in the Equal Credit Opportunity Act (ECOA) beyond the issuing of a loan. That is, the protections provided by the ECOA extend even after the loan is awarded and borrowers should be…