To establish an Office of Fair Lending Testing to test for compliance with the Equal Credit Opportunity Act, to strengthen the Equal Credit Opportunity Act, to ensure that persons injured by discriminatory practices, including organizations that have diverted resources to address discrimination and whose mission has been frustrated by illegal acts, can seek relief under such Act and to provide for criminal penalties for violating such Act, and for other purposes.
Summary
What This Bill Does
The bill provides office of Fair Lending Testing There is established within the Bureau of Consumer Financial Protection an Office of Fair Lending Testing (hereinafter referred to as the Office), requires prohibition on credit discrimination Subsection (a) of section 701 of the Equal Credit Opportunity Act (15 U.S.C, and creates criminal penalties for violations of the Equal Credit Opportunity Act The Equal Credit Opportunity Act (15 U.S.C. It relies on compliance mandates, appropriations, reporting requirements, and definition changes. The main policy areas are Homeowners, Criminal Justice, Finance, and Housing.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Law enforcement, justice-system actors, and affected communities could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Law enforcement, justice-system actors, and affected communities would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Provides office of Fair Lending Testing There is established within the Bureau of Consumer Financial Protection an Office of Fair Lending Testing (hereinafter referred to as the Office).
- Requires prohibition on credit discrimination Subsection (a) of section 701 of the Equal Credit Opportunity Act (15 U.S.C.
- Creates criminal penalties for violations of the Equal Credit Opportunity Act The Equal Credit Opportunity Act (15 U.S.C.
- Creates criminal penalties Any person who knowingly and willfully violates this title shall be fined not more than $50,000, or imprisoned not more than 1 year, or both.
- Provides review of loan applications Subtitle C of the Consumer Financial Protection Act of 2010 (12 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides office of Fair Lending Testing There is established within the Bureau of Consumer Financial Protection an Office of Fair Lending Testing (hereinafter referred to as the Office), requires prohibition on credit discrimination Subsection (a) of section 701 of the Equal Credit Opportunity Act (15 U.S.C, and creates criminal penalties for violations of the Equal Credit Opportunity Act The Equal Credit Opportunity Act (15 U.S.C.
Key Policy Areas
Homeowners, Criminal Justice, Finance, Housing
Primary Purpose
The bill provides office of Fair Lending Testing There is established within the Bureau of Consumer Financial Protection an Office of Fair Lending Testing (hereinafter referred to as the Office), requires prohibition on credit discrimination Subsection (a) of section 701 of the Equal Credit Opportunity Act (15 U.S.C, and creates criminal penalties for violations of the Equal Credit Opportunity Act The Equal Credit Opportunity Act (15 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Law enforcement, justice-system actors, and affected communities
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Law enforcement, justice-system actors, and affected communities
- Financial services firms and customers affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Green of Texas introduced the following bill; which was …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Law enforcement, justice-system actors, and affected communities
Law enforcement, justice-system actors, and affected communities faces effects in multiple directions
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology