Regulation B
/ˌrɛɡjʊˈleɪʃən biː/
Definitions
- (n.) A federal regulation issued under the Equal Credit Opportunity Act (ECOA) that prohibits discrimination in consumer credit transactions.
Lenders must comply with Regulation B to ensure they do not discriminate against applicants based on race or gender.
Forms
- regulation b
- regulations b
Related terms
See also
Commentary
Regulation B specifically governs credit discrimination and requires lenders to provide notice of adverse action; drafters should clearly reference applicable ECOA provisions when invoking it.
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