FTC Staff Provides Annual Letter to CFPB on Equal Credit Opportunity Act Activities

Share This Page

For Your Information

The staff of the Federal Trade Commission has provided an annual summary to the Consumer Financial Protection Bureau on the FTC’s activities related to the enforcement of the Equal Credit Opportunity Act, or ECOA.

The FTC is responsible for ECOA enforcement and education related to most non-bank financial service providers. In the letter to the CFPB, staff details the Commission’s work on a number of policy issues related to ECOA, including issues addressed in FTC workshops as well as a proposed  consumer survey to learn about experiences with automobile dealership financing. In addition, the letter outlines the Commission’s business and consumer education efforts related to fair lending issues.

A copy of the letter also has been provided to the Federal Reserve Board.

The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357).  Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.

Contact Information

MEDIA CONTACT:
Jay Mayfield
Office of Public Affairs
202-326-2181

STAFF CONTACT:
Carole Reynolds
Bureau of Consumer Protection
202-326-3230

Thomas Kane
Bureau of Consumer Protection
202-326-2304