Gusto joins NCRC and a group of Fintechs to request an interpretive rule from the CFPB

Steve Abbott

On June 22, 2022 Gusto joined with fintechs and consumer advocates who share a common interest in making the credit system fairer for historically underserved consumers to request that the Consumer Financial Protection Bureau issue an interpretive rule on how creditors could collect demographic information from applicants for the purposes of improving their ability to monitor their underwriting for disparate impact on consumers who are members of protected groups.

Read the full letter here:

Gusto letter to request an interpretive rule from the CFPB 
Steve Abbott is the Head of Public Policy and Government Affairs for Gusto. In his role, he leads a cross functional team that designs and executes a public policy strategy that advocates for a robust ecosystem for small business formation and growth, and promotes employee financial health and wellness. Prior to Gusto, Steve spent 10 years at the Pew Charitable Trusts leading government relations for projects focused on promoting family economic stability. Steve also has experience working for Congress and was a consultant to Fortune 500 companies and non-profit organizations advising them on public policy. Steve holds a Bachelor’s Degree in Economics from Denison University and an MBA from the University of Maryland.
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