US HB166

Establishes an Office of Fair Lending Testing within the Consumer Financial Protection Bureau, led by a Director appointed to a 5-year term, to conduct undercover compliance testing of lenders under the Equal Credit Opportunity Act

Expands prohibited discrimination in credit transactions to include sexual orientation, gender identity, ZIP Code, and census tract, in addition to existing protected categories like race, sex, religion, and national origin

Creates criminal penalties for Equal Credit Opportunity Act violations: up to $50,000 fine and 1 year imprisonment for individual violations; up to $100,000 per violation and 20 years imprisonment for pattern-or-practice violations

Holds executive officers and board directors personally liable for pattern-or-practice violations, with fines up to 100% of their compensation and up to 5 years imprisonment

Requires the CFPB to review loan applications and processes for discrimination, and expands Home Mortgage Disclosure Act data collection to include additional demographic characteristics such as sexual orientation, gender identity, and religion