This is a petition urging the CFPB to open a rulemaking under the Equal Credit Opportunity Act (ECOA) to define residential real estate leases as “credit” and landlords as “creditors” under the ECOA for two limited purposes:
- For purposes of the adverse action requirement of the ECOA, so that landlords will be required to give a statement of reasons when rejecting rental applicants
- To extend the proposed ban on medical debt on credit reports under the Fair Credit Reporting Act to reports used for tenant screening