CFPB, DOJ To Join Forces On Fair Lending Enforcement

Law360, New York (December 10, 2012, 3:43 PM EST) -- The U.S. Department of Justice and the Consumer Financial Protection Bureau said Thursday that they will strengthen coordination on fair lending enforcement and avoid duplicative law enforcement efforts in order to fight lending discrimination.

The agencies said they will share information in matters that the CFPB refers to the Justice Department and in joint investigations under the Equal Credit Opportunity Act to coordinate fair lending enforcement. The agreement establishes strict confidentiality protections for this shared information.

The agencies said they will meet regularly to discuss pending...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.