On June 26, the CFPB published its Fair Lending Annual Report to Congress for 2023, outlining the agency’s actions against discrimination and promoting fair access to credit. Among additional interagency actions, the CFPB noted that it enforced fair lending laws by taking action against a bank for allegedly discriminating against Armenian Americans applying for credit cards (covered by InfoBytes here) and suing a Texas-based developer for allegedly targeting Latino borrowers with predatory loan products. The CFPB also addressed how some institutions may not have reported demographic data as required by HMDA, resulting in additional recent enforcement actions for inaccurate data reporting. The Bureau highlighted further efforts to combat appraisal bias, including working through the FFIEC Appraisal Subcommittee, filing court briefs, proposing guidance on valuation reconsiderations, and rulemaking on automated valuation models. The report satisfies CFPB’s obligation to report to Congress on ECOA enforcement actions and on HMDA data utility, in consultation with HUD, which reports annually on the utility of HMDA reporting requirements.