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ARTICLE · 12 OCTOBER 2020

Fair Lending Newsletter - Fall 2020

Mayer Brown
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Yesterday, we issued the inaugural edition of Mayer Brown's Fair Lending Newsletter. Our goal in publishing this newsletter is to provide you with a quarterly resource covering the most notable fair-lending developments of the past three months.

United StatesFinance and Banking
Stephanie Robinson
Stephanie Robinson
Tori K. Shinohara
Tori K. Shinohara
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Letter to Readers

Welcome to the inaugural edition of Mayer Brown's Fair Lending Newsletter. Our goal in publishing this newsletter is to provide you with a quarterly resource covering the most notable fair-lending developments of the past three months. In this edition, we cover various topics, from the current state of fair lending at federal government agencies to recent regulatory developments affecting banks and other consumer financial services companies.

It's no secret that fair lending enforcement under the leadership of CFPB Director Kathleen Kraninger (and that of her predecessor, Acting Director Mick Mulvaney) has dwindled to near non-existence. Its specialized fair lending unit has been reorganized under a division that focuses on advocacy and education. In the time since former Director Richard Cordray left the Bureau nearly three years ago, the Bureau has filed only one discrimination-related lawsuit against a mortgage lender, and one enforcement

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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