Browsing: Fair lending

Legal

To ensure that fair housing and fair lending are being enforced appropriately and effectively, ABA and four other banking trade associations wrote today to Attorney General Jeff Sessions requesting a meeting to discuss the Department of Justice’s approach to enforcement of fair lending laws, and to urge it to align its fair lending policy with Supreme Court precedent.

Mortgage

Responding to a request by the Department of Housing and Urban Development for suggestions of outdated or ineffective regulations, ABA and state bankers associations in all 50 states today called for changes to HUD’s rule implementing the Fair Housing Act discriminatory effects standard, calling the rule “outdated and legally wrong.”

Compliance and Risk

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.

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