Under the new regulation and examination procedures, small banks are earning high CRA ratings. For example, FDIC has completed 670 "new" CRA examinations in 1996.
The U.S. Department of Justice has filed a discrimination suit against First National Bank of Gordon, Nebraska.
Question: Is there a requirement for a fair lender statement in an advertisement for SBA loans?
There is no word yet on the proposal to amend Regulation B to permit collection of information on gender and race for consumer loan applications.
The Department of Justice has agreed in principle that self-assessment for discriminatory practices should be subject to privilege.