A deep dive into the CFPB’s disparate impact final rule

The Consumer Financial Protection Bureau (CFPB) issued a final rule amending its implementing regulation for the Equal Credit Opportunity Act on April 21. The rule would narrow the scope of longstanding principles used in fair lending enforcement. Dodd Frank Update conducted a thorough review of the final rule and consulted with former CFPB Senior Counsel Rich Horn, co-managing partner at Garris Horn LLP, for his insight.