On March 6, 2020, the Consumer Financial Protection Bureau (“CFPB”) added a new frequently asked question (“FAQ”). The new question can be found under the heading, “Ethnicity, Race, and Sex, and §1003.4(a)(1)(i)”. Question number 7 addresses how the financial institution should report an application received in the mail, internet, or by telephone which does not provide race, ethnicity, or sex information.
