Timeline for Are marketplace lenders subject to fair lending laws?
Current License: CC BY-SA 4.0
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| Mar 6, 2019 at 6:23 | comment | added | shabbychef | +1, thanks again. | |
| Mar 6, 2019 at 5:33 | comment | added | ohwilleke | @shabbychef The OCC lost jurisdiction to the CFPB under Dodd-Frank files.consumerfinance.gov/f/… (also there may be more than one agency with jurisdiction). I wouldn't be surprised at all to see a state or federal regulator sue a marketplace lender (of course, only if they break this law, something I have no reason to suspect). The Colorado attorney general recently sued several re violations of different consumer protection laws and the CA AG has also done that. See the ABA report cited above. | |
| Mar 6, 2019 at 5:22 | comment | added | shabbychef | Thank you for this. As I understand it, the OCC is the agency that enforces ECOA. It is hard for me to imagine them taking action against individual marketplace lenders, even if their collective action results in disparate impact on borrowers. | |
| Mar 6, 2019 at 5:19 | vote | accept | shabbychef | ||
| Mar 6, 2019 at 1:20 | history | edited | ohwilleke | CC BY-SA 4.0 |
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| Mar 6, 2019 at 1:14 | history | edited | ohwilleke | CC BY-SA 4.0 |
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| Mar 6, 2019 at 1:08 | history | answered | ohwilleke | CC BY-SA 4.0 |