CFPB Report Details Increasing Fair Lending Scrutiny.

The Report highlighted the Bureau's lone fair lending enforcement action in 2022; described an unspecified number of pending fair lending enforcement investigations in the areas of student lending, payday lending, credit cards, small business lending, and mortgage lending; and noted that the Bureau made five fair lending enforcement referrals to the Justice Department throughout the year. On June 29, 2023, the CFPB issued its Fair Lending Annual Report to Congress, which described the Bureau's fair lending activities throughout 2022. [Extracted from the article]