Regulation B: Equal Credit Union Opportunity Act

05feb12:00 amRegulation B: Equal Credit Union Opportunity ActeTrain Webinar

Event Details

Regulation B was created to protect applicants from discrimination in any aspect of a credit transaction.

Credit transactions and aspects of credit transactions include, but are not limited to:

  • Consumer and Business credit
  • Mortgage loans
  • Refinancing
  • Credit applications
  • Standards of creditworthiness
  • Servicing and collection
  • Denial, Revocation, alteration, or termination of credit

The regulation covers topics such as:

  • Discrimination and/or Discouragement
  • Notification of action taken
  • Appraisal and other written valuations
  • Special purpose credit programs
  • Limitation on collection of protected information
  • Self-testing and self-correction
  • Signature requirements

With the heightened emphasis on Fair Lending in 2023, credit unions can anticipate that being at the forefront of examiners’ priorities in 2024. One area specifically being whether credit unions are compliant with ECOA. During this eTrain, ViClarity’s Sabrina Ducksworth-Brown will discuss common examiner findings and helpful tips for your credit union’s fair lending practices. Register today!


With nearly 10 years of financial services experience in operations, BSA, and regulatory compliance, Sabrina Ducksworth-Brown is a Compliance Officer with ViClarity. She provides state and regulatory compliance assistance and training to credit union leagues and partners. At ViClarity, we support credit unions with a variety of services and solutions that tackle governance, risk, and compliance management, so you can stay focused on your mission to improve the financial wellbeing of your members and communities.



February 5, 2024 12:00 am(GMT-06:00)