We’re making progress toward ensuring fair access to credit

We’re releasing our third annual Fair Lending Report, which details the important strides we have taken over the last year to protect consumers from credit discrimination and increase access to credit. Our Office of Fair Lending and Equal Opportunity continues to identify and tackle discrimination in different financial markets, such as mortgages, auto loans and [...]

By |2017-05-20T11:45:03-05:00April 28th, 2015|News|Comments Off on We’re making progress toward ensuring fair access to credit

How Issuers Can Get Fair Lending Compliance Right

Fair lending is a key consideration for any consumer lending program. According to the "effects test" or disparate impact doctrine used by the Consumer Financial Protection Bureau, credit card issuers must avoid not only direct, intentional discrimination but also practices that have the effect of discrimination. Collection & Credit Risk

By |2014-09-09T03:59:58-05:00September 9th, 2014|FDCPA|Comments Off on How Issuers Can Get Fair Lending Compliance Right

Fair Isaac’s New Scoring Model Downplays Medical Debt

Fair Isaac Co. revealed Thursday that its revamped credit score model will not weigh medical debt as heavily as previous versions, a key change given that medical debt accounts for nearly half of all unpaid collections on consumers' credit reports. Collections - Other Consumer

By |2014-08-09T16:58:31-05:00August 9th, 2014|FDCPA|Comments Off on Fair Isaac’s New Scoring Model Downplays Medical Debt

Our work on fair lending

For many consumers, access to responsible credit remains a challenge. Without fair and equal access to credit, some people may never reach their financial goals. Worse, some consumers may face discrimination in the process. That’s why we help to make sure that financial institutions are complying with federal consumer financial laws, including the Equal Credit [...]

By |2017-05-20T11:45:34-05:00May 18th, 2014|News|Comments Off on Our work on fair lending

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Farmers Branch (Principal Office)

2704 Valley View Lane
Dallas TX 75234

Phone: (214) 556-2300

Fax: (214) 556-2299

Web: Consumer Credit Attorney

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