ECOA and its implementing legislation B prohibit discrimination for a basis that is prohibited any facet of a credit deal. They are often implicated, for instance, by any discretion exercised by a bank within the application of eligibility requirements or cost waivers, or by “steering” or targeting of particular clients for deposit advance items, along with because of the procedures relevant to credit denials or other types of undesirable action because of the lending bank.

Supervisory Objectives

The agencies specify in the Supervisory Guidance prescriptive supervisory measures that they will take in future in dealing with banks that offer or propose to offer DAP because of the “significant” consumer protection and safety and soundness concerns presented by DAP. Read more