Consumer Bureau Expands Reach of Equal Credit Law

Equal credit offers protection AFTER loans are made, too

Andy Spears

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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…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .