disparate impact investigations seem to be going beyond lending practices to other aspects of banking or "fair banking."
If this is true, I would be curious as what they plan to use to prosecute such cases - The Civil Rights Act??? Because, I can't imagine any bank in their right mind rolling over on such a claim without testing it in a court of law, as it would set a precedent for a landslide of civil cases on everything from the offering of deposit products, to the sale of monetary instruments to customers only (as the unbanked might be low-income).
Besides, if they really used the term low-income in the article, it really is not very well written. Last I checked, income level was not a protected basis found in Regulation B for the FHA.
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com