Expectations For CFPB's Fair Lending Agenda Under Biden

Law360 (February 23, 2021, 3:45 PM EST) -- It is clear just a few weeks into the Biden administration that fair lending and racial equity will return as a central focus of regulators under President Joe Biden.

Biden issued a memorandum his first week in office directing the U.S. Department of Housing and Urban Development to reassess Trump-era fair housing rules.[1] And Acting Consumer Financial Protection Bureau Director Dave Uejio recently wrote that "fair lending enforcement is a top priority and will be emphasized accordingly."[2]

We expect that focus will reflect a renewed interest in the promise and risk of new technologies. Patrice Ficklin, head of the CFPB's fair...

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