Fair lending is not a new concept for lenders. Thanks to the Consumer Financial Protection Bureau (CFPB), however, fair lending now presents greater challenges for providers of consumer credit products and services. The new challenges stem from CFPB’s focus on and approach to fair lending, and the resources that CFPB may devote to fair lending enforcement. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) not only created CFPB, but also directed CFPB to create an Office of Fair Lending & Equal Opportunity. Consumer credit product and service providers must prepare for broader and more rigorous assessments under fair lending laws. ...