October 22, 2019

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CFPB to Hold Fair Lending Symposium on September 17

The CFPB’s Office of Fair Lending and Equal Opportunity has announced that it will hold a day-long symposium, Building a Bridge to Credit Visibility, to “explore challenges many consumers face in accessing credit.”

The CFPB has indicated that the symposium “will convene a diverse set of stakeholders to explore challenges in overcoming barriers to expand fair, equitable, and non-discriminatory access to credit for individuals and communities” and will include perspectives from industry, academia, trade associations, government, community groups, research, and think tank organizations.  Although the agenda is not yet available, the CFPB has also indicated that symposium sessions “will highlight strategies and innovations to overcome barriers and expand consumer credit access.”

The CFPB’s announcement includes a link to register for in-person attendance at the symposium (and encourages registration as soon as possible because space is limited.)  The registration link will close at midnight on Friday, September 7.  The event will also be live-streamed on the CFPB’s website.

To our knowledge, this is the first time that the CFPB has conducted a symposium in order to obtain input from all stakeholders.  We applaud the CFPB for holding a symposium focused on fair lending.  Ironically, consumer advocates have heavily criticized the Bureau for taking steps to diminish the importance of fair lending, most notably for Acting Director Mulvaney’s reorganization of the CFPB’s Office of Fair Lending.

Copyright © by Ballard Spahr LLP

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About this Author

Barbara S. Mishkin, Ballard Spahr, Philadelphia, Deceptive Practices Lawyer, Fair Debt Collection Practices Act, Gramm Leach Bliley
Of Counsel

Barbara Mishkin focuses on consumer compliance and banking law. The federal laws with which Ms. Mishkin has dealt extensively include the Truth in Lending Act, Equal Credit Opportunity Act, Real Estate Settlement Procedures Act, Fair Credit Reporting Act, Fair Debt Collection Practices Act, and Gramm-Leach-Bliley Act. She also has significant experience with state usury and lender licensing laws, as well as state laws prohibiting unfair and deceptive acts and practices.

American Bar Association, member, Consumer Financial Services Committee;...

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