Fair lending a likely bureau priority in 2013

Fair lending issues are expected to be a key focus area for the Consumer Financial Protection Bureau in the New Year. A CFPB report indicated that while the bureau is still building its fair lending program, the agency is laying the groundwork for new rules related to the Equal Credit Opportunity Act, Home Mortgage Disclosure Act and Truth in Lending Act. The bureau also announced a new partnership with the Department of Justice intended to help the agencies strengthen coordination on fair lending enforcement.