Regulation B (Equal Credit Opportunity)

Regulation B, among other things, requires entities that regularly extend credit to retain records sufficient to show compliance with the Regulation, to provide applicants with information about adverse credit actions, and to give notice to mortgage credit applicants regarding appraisal reports. Given their generally shared enforcement jurisdiction for Regulation B under the Dodd-Frank Act, the Bureau of Consumer Financial Protection (“BCFP”) and the Federal Trade Commission ("FTC") have divided the FTC’s previously cleared PRA burden between them, except that the FTC has wholly assumed all of the burden estimates associated with motor vehicle dealers and is also doing so, when appropriate, regarding estimated burden for state-chartered credit unions. This clearance renewal request reflects these considerations in addition to updating the FTC estimates based on evolving market conditions.

The latest form for Regulation B (Equal Credit Opportunity) expires 2021-09-30 and can be found here.

General recordkeeping for credit firms

Federal Enterprise Architecture: Economic Development - Business and Industry Development