The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
December 08, 2021 / By ICBA
The Department of Housing and Urban Development released guidance clarifying that special-purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
CFPB: In a statement, Consumer Financial Protection Bureau Director Rohit Chopra encouraged creditors to explore the programs, which he said can help creditors better serve disadvantaged communities.
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