Yahoo India Web Search

Search results

  1. Dec 20, 2022 · What Is Regulation B (Reg B)? Regulation B is intended to prevent applicants from discrimination in any aspect of a credit transaction. It outlines the rules that lenders must adhere to when...

  2. Aug 2, 2024 · Regulation B protects applicants from discrimination in any aspect of a credit transaction.

  3. This part, known as Regulation B, is issued by the Bureau of Consumer Financial Protection (Bureau) pursuant to title VII (Equal Credit Opportunity Act) of the Consumer Credit Protection Act, as amended (15 U.S.C. 1601 et seq.).

  4. Apr 12, 2022 · Regulation B is a federal law found in Title 12 Chapter X Part 1002 of the Code of Federal Regulations. It governs the behavior of any financial institution that extends credit to consumers to ensure they don't discourage people from applying for credit on the basis of prohibited factors.

  5. The Electronic Code of Federal Regulations (eCFR) is a continuously updated online version of the CFR. It is not an official legal edition of the CFR. Learn more about the eCFR, its status, and the editorial process.

  6. Electronic Code of Federal Regulations (e-CFR) Title 12—Banks and Banking; CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU; PART 1002—EQUAL CREDIT OPPORTUNITY ACT (REGULATION B)

  7. Feb 1, 2021 · Equal Credit Opportunity Act (Reg B) The Equal Credit Opportunity Act, which is part of the Consumer Credit Protection Act, was adopted on May 29, 1968. The law is designed to promote credit availability to all credit-worthy applicants, regardless of race, color, religion, national origin, sex, marital status or age.

  8. Section 202.7 of Regulation B provides a set of rules proscribing certain discriminatory practices regarding the creation and continuation of credit

  9. Jan 12, 2023 · Section C: Regulation B Examination Checklist. The ECOA and its implementing Regulation B not only prohibit discrimination in credit transactions, but also set forth additional requirements, such as requiring adverse action notices in appropriate circumstances. Thus, not all items on the checklist relate to discrimination.

  10. Click HERE for a table of recent Federal Register and other documents affecting this regulation. Sections of this regulation with pending amendments are marked with an asterisk (*) below. SUBPART A—GENERAL