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

The staff of the Federal Trade Commission have provided an annual report 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 and reports. In addition, the letter outlines the Commission’s business and consumer education efforts related to fair lending issues.     

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

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