Fair Lending Compliance: Limited English Proficiency Consumer Disclosure Checklist

Summary

This checklist outlines how financial institutions can expand access to financial products and services for consumers with limited English proficiency (LEP), in compliance with fair lending laws including the Equal Credit Opportunity Act (ECOA) and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP). Financial institutions are encouraged and, in some cases, required under state law to take steps ensuring that language barriers do not prevent consumers from participating in the U.S. financial markets.