The CFPB will focus its fair lending resources on small business lending, mortgage and student loan servicing and redlining, the agency has announced in its annual Fair Lending Report.

"Going forward, we will continue to identify areas of new and emerging fair lending risks, and we'll work to monitor institutions for compliance," the agency said, in announcing the priorities.

The CFPB said, that in establishing the CFPB, Congress expressed concern that women-owned and minority-owned businesses might experience discrimination when owners apply for credit and directed the agency to monitor those activities.

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