Protections in Consumer Lending Act This bill requires creditors to collect specified demographic information regarding applicants for certain credit transactions (e.g., automobile loans, credit cards, and payday loans) and the outcomes of these applications. The creditor must report this information to the Consumer Financial Protection Bureau (CFPB). The CFPB must use this information to determine whether a creditor is engaging in discriminatory practices and may take enforcement action.
Age discriminationBusiness recordsCongressional oversightConsumer creditCredit and credit marketsGovernment information and archivesMarriage and family statusRacial and ethnic relationsRight of privacySex, gender, sexual orientation discrimination
Protections in Consumer Lending Act
USA116th CongressHR-2324| House
| Updated: 4/15/2019
Protections in Consumer Lending Act This bill requires creditors to collect specified demographic information regarding applicants for certain credit transactions (e.g., automobile loans, credit cards, and payday loans) and the outcomes of these applications. The creditor must report this information to the Consumer Financial Protection Bureau (CFPB). The CFPB must use this information to determine whether a creditor is engaging in discriminatory practices and may take enforcement action.
Age discriminationBusiness recordsCongressional oversightConsumer creditCredit and credit marketsGovernment information and archivesMarriage and family statusRacial and ethnic relationsRight of privacySex, gender, sexual orientation discrimination