Discrimination, HMDA

District Court denies class certification in lending discrimination suit

Orrick, Herrington & Sutcliffe LLP on 6/12/2024

On May 30, the U.S. District Court for the Eastern District of Virginia entered an opinion denying class certification in a suit accusing a credit union (defendant) of lending discrimination. Each plaintiff applied to...more

Updated Fair Lending Handbook for the American Association of Bank Directors

Troutman Pepper on 7/13/2023

The American Association of Bank Directors (AABD) recently published the second edition of its Practical Handbook on Fair Lending for Bank Directors and Executive Officers (the Handbook), updating the first edition of the...more

Nutter Bank Report, October 2017

Nutter McClennen & Fish LLP on 10/31/2017

With Vice President Mike Pence casting the tie-breaking vote, the U.S. Senate has voted to repeal the CFPB’s arbitration rule, which would have prohibited banks and other covered consumer financial service providers from...more

CFPB Proposes Amendments to Align Regulation B with Revised Regulation C

BakerHostetler on 4/5/2017

On March 24, 2017, the Consumer Financial Protection Bureau (CFPB) proposed amendments to Regulation B to “provide additional flexibility for mortgage lenders concerning the collection of consumer demographic information.” ...more

Community banks trade group asks Trump Administration to curb fair lending enforcement

Ballard Spahr LLP on 1/31/2017

The Independent Community Bankers of America issued a statement calling on the Trump administration “to rein in the overzealous application of fair lending laws.” ICBA stated that community banks are threatened by a recent...more

CFPB issues 2015 fair lending report

Ballard Spahr LLP on 5/3/2016

The CFPB has issued a report covering its fair lending activities during 2015. The report states that in 2015, CFPB fair lending supervisory and public enforcement actions required institutions to provide approximately $108...more

CFPB Issues Final Rule to Improve Information About Access to Credit in the Mortgage Market

WilmerHale on 10/23/2015

On October 15, 2015, the Consumer Financial Protection Bureau (CFPB) issued a final rule to implement amendments to the Home Mortgage Disclosure Act (HMDA) made by the Dodd-Frank Wall Street Reform and Consumer Protection...more

CFPB Issues New Mortgage Disclosure Rule

Goodwin on 10/22/2015

On October 15, 2015, the Consumer Financial Protection Bureau (CFPB) issued a final rule amending Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). At nearly 800 pages, the new HMDA rule changes (i) the...more

CFPB Continues Crackdown on Fair Lending: Marketing Materials Targeted

Carlton Fields on 6/24/2015

In a recent guidance bulletin, the Consumer Financial Protection Bureau reminded mortgage lenders to heed their Equal Credit Opportunity Act (ECOA) obligations when considering applicants receiving public assistance income....more

NY Attorney General Files Redlining Lawsuit Alleging Mortgage Discrimination

Ballard Spahr LLP on 9/5/2014

The New York Attorney General filed a complaint this week in a New York federal court against a national bank headquartered in the state and its holding company alleging that the defendants violated the federal Fair Housing...more

HUD Final Rule on Disparate Impact under the Fair Housing Act

K&L Gates LLP on 3/13/2013

On February 8, 2013, the Department of Housing and Urban Development (“HUD” or the “Department”) finalized its controversial discriminatory effects rule (the “final rule” or “discriminatory effects rule”), thus formalizing...more

Discrimination › Home Mortgage Disclosure Act

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