The Consolidated Appropriations Act, 2016 provides FY2016 appropriations; extends expiring tax provisions; and affects policies in areas including oil exports, intelligence, cybersecurity, health care, financial services, visa waivers, and conservation.
The bill provides appropriations for the federal government through the end of FY2016. The twelve regular appropriations bills included in the divisions of the bill increase discretionary spending above FY2015 levels, which reflects the increa... Read More
The purpose of HUD Mortgagee Letter ML 2015-05 is to increase awareness of Office of Housing program participants and insured product partners, of the requirements of the HUD Equal Access Rule for actual or perceived discrimination based on sexual orientation, gender identity, or marital status.
On February 3, 2012, HUD published a final rule entitled Equal Access to Housing in HUD Programs Regardless of Sexual Orientation or Gender Identity. The final rule ensures that housing across HUD pro... Read More
The Consumer Financial Protection Bureau (Bureau) issues this compliance bulletin to remind creditors of (1) their obligations under the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, with respect to consideration of public assistance income; and (2) relevant standards and guidelines regarding verification of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) income (collectively, Social Security disability income) received by m... Read More
This bulletin provides guidance to clarify supervisory expectations contained in two recent interagency statements on qualified mortgages that the Office of the Comptroller of the Currency (OCC) has issued for national banks and federal savings associations (collectively, banks).
The first statement, released today, is the “Interagency Statement on the Supervisory Approach for Qualified and Non-Qualified Mortgage Loans.” This statement clarifies our expectations, both for safety-and-soun... Read More
This letter provides information about the Federal Reserve's use of 2010 census data when conducting fair lending examinations.
The Federal Financial Institutions Examination Council (FFIEC) publishes census data as part of the Home Mortgage Disclosure Act (HMDA) aggregate and disclosure data and as a separate census file, both of which are publicly-available on the FFIEC website. The census data are used to provide context when assessing HMDA and Community Reinvestment Act (CRA... Read More
In response to recent inquiries, the Consumer Financial Protection Bureau ('CFPB' or 'Bureau') issues this bulletin to provide guidance about compliance with the fair lending requirements of the Equal Credit Opportunity Act ('ECOA'), and its implementing regulation, Regulation B. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ('Dodd-Frank Act' or 'Act') granted CFPB authority to supervise and enforce compliance with the ECOA for entities within CFPB's jurisdiction and to i... Read More
The Consumer Financial Protection Bureau issues this bulletin to solicit information from knowledgeable sources about potential violations of Federal consumer financial laws. The Bureau welcomes information from current or former employees of potential violators, contractors, vendors, and competitor companies. Certain employees and their representatives who provide such information are protected against retaliation from their employers under Section 1057 of the Dodd-Frank Wall Street Reform and ... Read More
This bulletin advises institutions supervised by the Office of the Comptroller of the Currency (OCC) of the appropriate names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act (ECOA) and posters required by the Fair Housing Act (FHA).
On July 21, 2011, the transfer of former Office of Thrift Supervision (OTS) functions to the OCC, including the supervision of all federal savings associations, was completed. In addition, enforcement aut... Read More
The Office of the Comptroller of the Currency (OCC) recently revised the electronic version of the 'Fair Lending' booklet of the Comptroller’s Handbook. These revisions include both new and revised procedures.
Some procedural sections were renamed to more clearly describe the activity to be performed and some procedural steps were renamed and reordered to provide a clearer approach for assessing the potential for discriminatory activity. Specific changes were made to the Examination Procedu... Read More
This letter transmits revised Interagency Fair Lending Examination Procedures and summarizes the key revisions. These revised procedures were developed by the Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council. This letter also discusses the availability of supplemental analyses to support fair lending examinations through the Division of Consumer and Community Affairs (DCCA) Fair Lending Enforcement Section.
SUMMARY OF REVISED INTERAGENCY FAIR LENDING... Read More