Legal

HUD Issues Request for Public Comment on Disparate Impact Regulation

In a move long sought by ABA, the Department of Housing and Urban Development is formally seeking public comment on whether its rule implementing the Fair Housing Act's discriminatory effects standard is consistent with the Supreme Court decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project.

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CFPB Dismisses PHH Lawsuit

Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced today that the bureau will drop its case against mortgage lender PHH Corp.

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ABA Files Appeal in Credit Union Field of Membership Case

The American Bankers Association today filed a cross-appeal in its legal challenge to the National Credit Union Administration’s field of membership rule, which further expanded the already loose fields of membership from which federal credit unions can draw their customers.

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HUD to Seek Public Comment on Disparate Impact Regulation

In a move long sought by ABA, the Department of Housing and Urban Development signaled today that it will seek public comment on whether its rule implementing the Fair Housing Act discriminatory effects standard is consistent with the Supreme Court decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project.

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ABA Questions CFPB’s Use of Administrative Adjudications

In a comment letter to the Consumer Financial Protection Bureau yesterday -- the second of 12 the association will submit as part of the bureau’s ongoing feedback initiative -- the American Bankers Association raised concerns about the bureau’s use of administrative adjudications and offered several recommendations for amending the its rules of practice for administrative proceedings.

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