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Wednesday
Dec032014

Fair Lending Caution

DateWednesday, December 3, 2014 at 11:25AM by AuthorBanking Spectrum

The CFPB issued a bulletin warning that probing for details on a potential borrower’s Social Security disability benefits violates the Equal Credit Opportunity Act and Regulation B. Pressing too far on the details of a disability raises fair lending risks, the bureau reported. 

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