10 Real Estate Finance Policy Issues to Watch in 2019
The rapid pace of change will continue in 2019, ABA policy staff project.
Browsing: Disparate impact
ABA, State Associations: HUD’s Disparate Impact Rule Ignores Supreme Court Precedent
In promulgating its rule implementing the Fair Housing Act’s discriminatory effects standard, the Department of Housing and Urban Development erred in ignoring Supreme Court precedent on determining disparate impact, ABA and 52 state bankers associations wrote in a comment letter to HUD today.
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.
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.
GOP Lawmakers: HUD’s Disparate Impact Rule Inconsistent with Supreme Court Precedent
The Department of Housing and Urban Development’s rule implementing the Fair Housing Act discriminatory effects standard is inconsistent with current Supreme Court precedents on disparate impact theory and could be negatively affecting HUD’s housing goals, a group of House Republicans said in a letter to HUD Secretary Ben Carson today.
ABA, State Associations Call on HUD to Clarify Disparate Impact
Responding to a request by the Department of Housing and Urban Development for suggestions of outdated or ineffective regulations, ABA and state bankers associations in all 50 states today called for changes to HUD’s rule implementing the Fair Housing Act discriminatory effects standard, calling the rule “outdated and legally wrong.”
ABA Seeks Fairness in Fair Lending Enforcement
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA today urged federal regulators and law enforcement to reign in disparate impact and redlining investigations that go beyond the law and Supreme Court precedent.
ABA Compliance Center Inbox, November/December 2016
The creditor will need to defend its underwriting practices to “prove” that education level provides some amount of repayment predictability.
Of Deadlocks and a Divided Court
The possibility of a 4-4 deadlock hangs over three cases with repercussions for the banking industry when the Court convenes in October.
Fair Housing Guidance Encompasses Those Not Fluent in English
The Department of Housing and Urban Development last week issued guidance stating that discrimination or “discriminatory effects” toward those with limited English proficiency is forbidden under the Fair Housing Act.