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Some criminal groups use a process called trade-based money laundering to hide their illicit funds. These schemes can include things like falsely describing goods and services in trade transactions.
Schemes can involve many types of illicit activity that cut across multiple federal agencies' roles.
The Consumer Financial Protection Bureau oversees and enforces federal fair lending laws that protect consumers from discrimination. In 2019, it completed a reorganization of its fair lending activities.
In the reorganization, CFPB didn't follow leading practices for organizational change.
Since 2018, the Home Mortgage Disclosure Act requires lenders to report additional data from loan applications and originations—such as borrower credit scores—to help regulators oversee and enforce fair lending laws.