Latest Compliance - Fair Housing Topics

In what may be the most significant cost savings actions of the year, compared to what might have been, the Board of Governors of the Federal Reserve System has withdrawn the proposal to amend Regu

The Federal Reserve Board has published for comment regulations to implement the 1996 amendments to the Equal Credit Opportunity Act.

At a recent meeting of the Washington, D.C.

The FDIC has proposed changes to its fair housing regulation that would simplify compliance and make the regulation consistent with other regulatory requirements.

Congress's efforts at burden relief often fall short of the mark. However, one important feature in this year's banking act provides protection for fair lending self assessment.

Fair lending enforcement doesn't sit still. New issues and new interpretations of the Fair Housing Act and the Equal Credit Opportunity Act emerge with a relentless regularity.

Many compliance regulations require some form of public notification to be sure that consumers are aware of the regulation and their rights as consumers. Lobby posters are a popular technique.

Between April, 1993 and the end of 1995, the OCC referred 20 fair lending cases to the Department of Justice.

Private Lawsuit Filed against NationsBank
0n September 21,1995, the Washington Lawyers Committee for Civil Rights and Urban Affairs announced that it had filed a >

For more than two years, banks have given intense attention to fair lending.