Compliance News: URLA and Data Collection Model Form Updates
On September 20, 2017 the CFPB issued final amendments to Regulation B (12 CFR Pt. 1002) which, among other things, sets forth a “Data Collection Model Form” which can be used “for collecting information concerning an applicant’s ethnicity, race, and sex that complies with the requirements of [12 CFR] § 1002.13(a)(1)(i)(A) and (ii).” The CFPB also notes that “Appendix B to Regulation C,…