The rule requires that lenders collect and report extensive applicant data to the CFPB, intended to deter discrimination and promote economic growth. By Parag Patel, Victor Razon, and Deric Behar On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) finalized a regulation implementing Section 1071 of the 2010 Dodd-Frank Act. The regulation requires lenders, including … Continue Reading