CBAI ACTION ALERT
Urge HUD to Amend Fair Lending Disparate-Impact Rule
The Community Bankers Association of Illinois is calling on all Illinois community bankers to urge the Department of Housing and Urban Development (HUD) to amend its fair lending disparate-impact rule to meet the limitations imposed by the United State Supreme Court.
The 2015 Supreme Court decision placed important limits on the rule under which lenders may be held liable for neutral practices that have a disparate impact on certain classes of borrowers. HUD’s current rule is not consistent with the Supreme Court’s ruling. Your message calls on HUD to eliminate the uncertainty caused by this inconsistency. Act Now!
Please share this Action Alert with your board members.
We need a strong response from Illinois community bankers.
Thank you for responding!
August 9, 2018