Regulation B

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Regulation B is a U.S. federal regulation issued by the Federal Reserve and CFPB that prohibits discrimination in any aspect of a credit transaction and sets rules for how creditors must handle credit applications and adverse action notices.

All labels observed (2)

How this entity was disambiguated

Statements (53)

Predicate Object
instanceOf United States federal regulation ⓘ
anti-discrimination regulation ⓘ
consumer protection regulation ⓘ
allows special purpose credit programs under specified conditions ⓘ
appliesTo auto lenders ⓘ
banks ⓘ
both consumer and commercial credit applicants ⓘ
credit card issuers ⓘ
credit unions ⓘ
creditors ⓘ
finance companies ⓘ
mortgage lenders ⓘ
retailers that extend credit ⓘ
small business lenders ⓘ
codifiedIn 12 CFR Part 1002 ⓘ
covers any aspect of a credit transaction ⓘ
credit advertising ⓘ
credit scoring systems ⓘ
credit terms and conditions ⓘ
enforcedBy Consumer Financial Protection Bureau ⓘ
Federal Trade Commission ⓘ
federal prudential banking regulators ⓘ
fullName Regulation B – Equal Credit Opportunity ⓘ
linked to: Regulation B
goal to ensure equal access to credit ⓘ
to prevent discriminatory lending practices ⓘ
implements Equal Credit Opportunity Act ⓘ
jurisdiction United States ⓘ
legalBasis Equal Credit Opportunity Act (ECOA) ⓘ
previousCitation 12 CFR Part 202 ⓘ
prohibits discrimination in any aspect of a credit transaction ⓘ
prohibitsDiscriminationOnBasisOf age ⓘ
color ⓘ
good faith exercise of rights under the Consumer Credit Protection Act ⓘ
marital status ⓘ
national origin ⓘ
race ⓘ
receipt of income from a public assistance program ⓘ
religion ⓘ
sex ⓘ
regulator Board of Governors of the Federal Reserve System ⓘ
Consumer Financial Protection Bureau ⓘ
requires creditors to notify applicants of action taken on a credit application ⓘ
creditors to provide adverse action notices ⓘ
creditors to provide reasons for adverse action ⓘ
evaluation of credit applications without discrimination ⓘ
notice of incomplete applications in certain circumstances ⓘ
retention of credit application records ⓘ
special purpose credit program documentation ⓘ
subjectMatter adverse action notices ⓘ
business credit ⓘ
consumer credit ⓘ
credit applications ⓘ
credit discrimination ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

ECOA → implementedByRegulation → Regulation B ⓘ
Regulation B → fullName → Regulation B – Equal Credit Opportunity ⓘ
linked to: Regulation B