The rapid pace of change will continue in 2019, ABA policy staff project.
Browsing: Fair lending
In a year that saw passage of a major regulatory reform law, U.S. financial institutions’ anxiety levels over compliance obligations eased significantly, according to a survey released this morning by Wolters Kluwer.
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.
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.
Opponents of S. 2155 are spreading “misinformation” about what S. 2155 — the bipartisan regulatory reform bill set for a vote tomorrow — does to the Home Mortgage Disclosure Act, a California banker wrote in a Sacramento Bee op-ed today.
As President Trump today signed a Congressional Review Act resolution invalidating the Consumer Financial Protection Bureau’s 2013 guidance on indirect auto lending, CFPB Acting Director Mick Mulvaney said the bureau would revisit its Equal Credit Opportunity Act regulations.
The Senate today employed a little-used legislative procedure to reverse the Consumer Financial Protection Bureau’s 2013 guidance on indirect auto lending.
The Government Accountability Office today issued a statement that the Consumer Financial Protection Bureau’s 2013 guidance on fair lending risks in indirect auto lending constitutes a “rule” for purposes of the Congressional Review Act.
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.
The Federal Financial Institutions Examination Council today released the 2016 Home Mortgage Disclosure Act data on mortgage lending transactions at 6,762 financial institutions.