CFPB Issues Bulletin On Consideration of Public Assistance Income in Credit Decisions

By | CFPB Monitor | November 20, 2014
CFPB Issues Bulletin On Consideration of Public Assistance Income in Credit Decisions

The CFPB has issued a new bulletin (Bulletin 2014-03) that is intended “to remind creditors” of their ECOA/Regulation B obligations with respect to consideration of public assistance income and relevant standards and guidelines regarding verification of  Social Security Disability Insurance and Supplemental Security Income (together, Social Security disability income).