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CFPB Advises Lenders to Consider Applicants’ Immigration Status (opens in new tab)

The Consumer Financial Protection Bureau (CFPB) released a statement Friday (June 5) reminding creditors that when they assess consumers’ ability to repay mortgages and certain open-end credit products, they must consider their immigration status. This consideration is part of creditors’ requirements under the Truth in Lending Act and its implementing Regulation Z, the statement said. “This statement emphasizes to creditors […] The post appeared first on <a href="

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