LGBTQ Borrowers Covered Under Fair Lending Law, CFPB Says

March 9, 2021, 10:25 PM UTC

The Consumer Financial Protection Bureau will be watching out for any potential lending discrimination based on sexual orientation or gender identity, the agency said Tuesday.

The bureau issued an interpretive rule that said the Equal Credit Opportunity Act, which outlaws discrimination in lending and credit decisions, covers lesbian, gay and transgender individuals.

The move follows June’s U.S. Supreme Court decision in Bostock v. Clayton County, Ga., which barred discrimination
based on sexual orientation and gender identity under Title VII of the Civil Rights Act.

“In issuing this interpretive rule, we’re making it clear that lenders cannot discriminate based on ...

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