CFPB Signals Discrimination Based on Sexual Orientation or Gender Identity is Illegal
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. The new interpretive rule follows a landmark Supreme Court [...]