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CFPB Expands ECOA Prohibited Bases to Include Sexual Orientation and Gender Identity | Manatt, Phelps & Phillips, LLP

To embed, copy and paste the code into your website or blog: On March 9, 2021, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an Interpretive Rule that the prohibitions against sex discrimination in the Equal Credit Opportunity Act (ECOA) and Regulation B encompass sexual orientation discrimination and gender identity discrimination. When published, the rule will have immediate effect. This alert explains the development and why it matters. What Happened We have anticipated t...
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