BPI provided recommendations to the Consumer Financial Protection Bureau in its comment letter on the CFPB’s Request for Information on the Equal Credit Opportunity Act (ECOA) and Regulation B. In the letter, BPI recommended that the CFPB undertake efforts to (i) clarify how institutions best serve consumers with limited English proficiency; (ii) streamline any eventual small business data collection rule under Section 1071 of the Dodd-Frank Act; (iii) provide increased clarity for special purpose credit programs, as well as affirmative marketing efforts; and (iv) support the use of AI and machine learning in credit underwriting.
Consumer Affairs
“There You Go Again”: Setting the Record Straight on Large Banks’ Branch Presence in LMI and Minority Neighborhoods
“There You Go Again”: Setting the Record Straight on Large Banks’ Branch Presence in LMI and Minority Neighborhoods
Artificial Intelligence
The Role of Machine Learning and Alternative Data in Expanding Access to Credit: Fintechs’ Regulatory Advantage Is to the Detriment of Consumers
The Role of Machine Learning and Alternative Data in Expanding Access to Credit: Fintechs’ Regulatory Advantage Is to the Detriment of Consumers
Bank Capital and Stress Testing
BPI Response to Federal Reserve Vice Chair Barr’s Statements on Bank Capital Requirements
BPI Response to Federal Reserve Vice Chair Barr’s Statements on Bank Capital Requirements
Supervision & Enforcement
FDIC’s Proposed Changes to Supervisory Appeals System Fall Short of Progress
FDIC’s Proposed Changes to Supervisory Appeals System Fall Short of Progress
