Fair Lending for All Act

The Fair Lending for All Act establishes a new Office of Fair Lending Testing within the Consumer Financial Protection Bureau to proactively test creditors for compliance with the Equal Credit Opportunity Act (ECOA). It expands ECOA protections to explicitly prohibit discrimination based on ZIP code, census tract, public assistance income, sexual orientation, gender identity, and marital status, while replacing "applicant" with "person" throughout the law. The bill adds criminal penalties for violations, including fines up to $50,000 or 1 year in prison for individuals and up to $100,000 per violation for patterns of discrimination, with personal liability for executives. It also requires the Bureau to review loan application processes for ECOA compliance and updates mortgage data collection to include protected characteristics like sexual orientation and gender identity. This directly affects creditors (banks, lenders) and consumers seeking credit.