In a rare and unexpected move, the City of St. Paul last Friday agreed to dismiss its appeal to the U.S. Supreme Court challenging whether a violation under the Fair Housing Act may be proved under a disparate impact legal theory, or whether proof of intentional discrimination is required.
Category Archives: Fair Lending/Anti-Discrimination
Subscribe to Fair Lending/Anti-Discrimination RSS FeedMortgage Industry Submits Comments on HUD’s Proposed Disparate-Impact Rule under the Fair Housing Act
Posted in Fair Lending/Anti-Discrimination, Mortgage Lending, Other Federal Agencies & GSEsBy: Paul F. Hancock, Andrew C. Glass, Melanie Hibbs Brody, Roger L. Smerage, Melissa S. Malpass, Gregory N. Blase
On January 17, 2012, K&L Gates LLP submitted the comments of six financial services trade associations to the United States Department of Housing and Urban Development (HUD) on the proposed rule to implement a disparate-impact legal standard under the Fair Housing Act.
CFPB to Payday Lenders: We’re Coming for You – Cordray Tells Payday Lenders to Expect “Much More Attention” and Releases New Examination Guidelines for the Industry; Many Questions Left Unanswered
Posted in Bureau of Consumer Financial Protection (CFPB), Fair Lending/Anti-Discrimination, UDAAPPayday lenders recently received their first peek at what life will be like under the CFPB’s watch, and it’s not a pretty picture.
CFPB Releases “Mortgage Origination Examination Procedures” Governing Banks and Nonbanks – Not a Prelude to a Kiss
Posted in Bureau of Consumer Financial Protection (CFPB), Fair Lending/Anti-Discrimination, Mortgage Lending, Other Federal Agencies & GSEs, Privacy & Information Security, UDAAPThe CFPB wants to get to know you – well. But it’s not a prelude to a kiss.
On January 12, 2012, the CFPB released its new Mortgage Origination Examination Procedures Governing Banks and Nonbanks (the “Procedures”).
CFPB Puts Inherited Consumer Financial Protection Regulations on the Table
Posted in Bureau of Consumer Financial Protection (CFPB), Credit Cards, Fair Lending/Anti-Discrimination, Mortgage Lending, Mortgage Servicing, Payment Systems, Privacy & Information SecurityBy: David A. Tallman
Adding to its already full plate, the Bureau of Consumer Financial Protection (the “CFPB” or the “Bureau”) recently requested public comment on its review of the various consumer financial protection regulations it has inherited from other agencies.
HUD’s Proposed Fair Lending Rule: Deadline for Comments
Posted in Fair Lending/Anti-Discrimination, Other Federal Agencies & GSEsOn November 16, 2011 the United States Department of Housing and Urban Development (“HUD”) released a proposed rule to establish that proof of intentional discrimination is not necessary to establish a violation of the Fair Housing Act, and that a violation may be established under a disparate impact approach.
Risky Business: CFPB’s New Consumer Risk Assessment Process
Posted in Bureau of Consumer Financial Protection (CFPB), Fair Lending/Anti-DiscriminationBy: David L. Beam, Rebecca Lobenherz, Stephanie C. Robinson
Those who have been concerned about the expansive powers of the new Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) should ready themselves for the risk assessment reviews that the Bureau is about to initiate.