Regulation

Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B

Federal Deposit Insurance Corporation, National Credit Union Administration, Treasury Department, Comptroller of the Currency, Consumer Financial Protection Bureau, Housing and Urban Development Department, Justice Department, Federal Housing Finance Agency

Source: Federal Register

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Response Deadline
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Federal Register

Description

FDIC, NCUA, OCC, CFPB, HUD, DOJ, and FHFA (collectively, the agencies) are issuing this notice to inform the public of the rescission of the "Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B" (Interagency Statement), dated February 22, 2022. The agencies are rescinding the Interagency Statement to make clear that (1) creditors may not discriminate against borrowers based on prohibited characteristics and (2) creditors should not rely upon the Interagency Statement or other related issuances going forward.

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