12 CFR § 1002.101 - Authority, purpose, and scope.

---
identifier: "/us/cfr/t12/s1002.101"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1002.101 - Authority, purpose, and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "1002.101"
section_name: "Authority, purpose, and scope."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1002"
part_name: "EQUAL CREDIT OPPORTUNITY ACT (REGULATION B)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5512, 5581; 15 U.S.C. 1691b. Subpart B is also issued under 15 U.S.C. 1691c-2."
regulatory_source: "76 FR 79445, Dec. 21, 2011, unless otherwise noted."
cfr_part: "1002"
---


# 1002.101 Authority, purpose, and scope.

(a) *Authority and scope.* This subpart to Regulation B is issued by the Bureau pursuant to section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c-2). Except as otherwise provided herein, this subpart applies to covered financial institutions, as defined in § 1002.105(b), other than a person excluded from coverage of this part by section 1029 of the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376, 2004 (2010).

(b) *Purpose.* This subpart implements section 704B of the Equal Credit Opportunity Act, which Congress intended:

(1) To facilitate enforcement of fair lending laws; and

(2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses.