by Eric J. Ellman | Dec 14, 2021
On December 7, the Federal Reserve Bank of Philadelphia has hosted a 2021 Fair Lending Interagency Webinar on fair lending. The webinar convened eight federal agencies, CFPB, HUD, DOJ, FDIC, FHFA, FRB, NCUA, and the OCC. We have not yet reviewed the recording of...
by Eric J. Ellman | Sep 21, 2021
The Subcommittee on Diversity and Inclusion of the U.S. House Financial Services Committee held a hearing on Sept. 28, 2021, Access Denied: Eliminating Barriers and Increasing Economic Opportunity for Justice-Involved Individuals. In advance of the hearing, committee...
by Eric J. Ellman | Mar 5, 2021
Forbes Advisor Staff, Natalie Campisi, wrote a piece, From Inherent Racial Bias to Incorrect Data—The Problems With Current Credit Scoring Models.
by Eric J. Ellman | Dec 16, 2013
In December 2013, CDIA wrote to the CFPB to comment on the Proposed Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies (“Proposed Policy Statement” or “Statement”). The...
by Eric J. Ellman | Jul 15, 2013
In a law review article in Suffolk University Law Review by Lisa Rice and Deidre Swesnik, the authors write that Our current credit-scoring systems have a disparate impact on people and communities of color. These systems are rooted in our long history of housing...
