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IV. Fair Lending Fair Lending Laws and Regulations - FDIC This overview provides a basic and abbreviated discussion of federal fair lending laws and regulations It is adapted from the Interagency Policy Statement on Fair Lending issued in March 1994
Civil Rights Division | Fair Lending Enforcement The Civil Rights Division’s Housing and Civil Enforcement Section enforces laws to protect equal access to credit These laws include the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA)
Fair Lending | OCC The Fair Housing Act (FHA) and Equal Credit Opportunity Act (ECOA) protect consumers by prohibiting unfair and discriminatory practices
What are the Main Fair Lending Laws Regulations? Specifically, the Fair Housing Act (FHA), enacted in 1968, prohibits that discrimination FHA protection applies regardless of the number of children, pregnancy status, or wish to seek custody of a child
Federal Register :: Small Business Lending Under the Equal Credit . . . Section 1071's statutory purposes are to (1) facilitate enforcement of fair lending laws, and (2) enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses
In Response to President Trumps Executive Order, the OCC Removes . . . Historically, this concept has been used to identify and address indirect discrimination in various sectors, including lending However, EO 14281 seeks to dismantle the use of disparate impact legal theory by government agencies, advocating for a merit-based system that focuses on equality of opportunity rather than equal outcomes
12 CFR 128. 9 -- Guidelines relating to nondiscrimination in lending. The Civil Rights Act of 1968 and the National Housing Act prohibit discrimination in lending on the basis of sex The Equal Credit Opportunity Act, in addition to this prohibition, forbids discrimination on the basis of marital status
OCC Drops Disparate Impact—Fair Lending Policy Shift Key Takeaways: The OCC has removed references to “disparate impact” from its Fair Lending Handbook, consistent with the broader shift in federal enforcement philosophy under the current