Posts on the applicable.ai blog tagged Fair lending.
Seven federal agencies rescinded their February 2022 interagency statement on special purpose credit programs under ECOA and Regulation B, effective 25 August 2026, and told creditors not to rely on it.
A CFPB statement, applicable from 8 June 2026, says mortgage lenders relying on US employment income may need to consider whether an applicant's immigration status will let that income continue. It is guidance, not a rule.
A final rule raises the coverage threshold for small business lending data collection from 100 to 1,000 loans a year, cuts the small business definition to $1 million in revenue, and moves compliance to 1 January 2028. Lenders below the new threshold are out of scope.
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