WebThe Fair Housing Act and the Equal Credit Opportunity Act prohibit lending discrimination.1 Although these laws have been in effect for many years, lend-ing discrimination continues to be a cause for national concern. This guide will help lenders compare the treatment of loan applicants and identify differences that may be … WebMar 20, 2024 · Executive Summary Eighty years ago, a federal agency, the Home Owners’ Loan Corporation (HOLC), created “Residential Security” maps of major American cities. These maps document how loan officers, appraisers and real estate professionals evaluated mortgage lending risk during the era immediately before the surge of …

A Guide To Fair Lending - Federal Deposit Insurance …

WebAccording to the 2024 Small Business Credit Survey, traditional bank lending continues to be the primary source of funding for small businesses.11 In turn, banks rely heavily on small business loans to … WebJul 1, 2024 · As Richard Rothstein details in his groundbreaking book The Color of Law, America housing programs were “tantamount to a state-sponsored system of segregation.” Discriminatory lending was... earl gstohl pine haven wy

What Is Credit Discrimination and Who Is at Risk?

WebSep 4, 2024 · 09.04.19. Earlier this summer, the U.S. Department of Justice (“DOJ”) announced a settlement with First Merchants Bank, a non-member bank headquartered in Muncie, Indiana (“FMB”), regarding allegations of discriminatory lending often referred to as “redlining.”. According to the DOJ’s lawsuit, FMB engaged in unlawful redlining of ... WebFeb 19, 2024 · No. Federal law prohibit home lending discrimination, notably the 1968 Fair Housing Act and the 1977 Community Reinvestment Act (CRA). The first of these … WebSep 27, 2024 · Credit and lending discrimination occurs when a lender allows protected traits, such as race, color or sexual orientation, to influence its decision to offer you credit … earl grey yin zhen