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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

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Action Alert - Urge Illinois' U.S. House Members to Pass Regulatory Relief Bills

June 10, 2014

CBAI is calling on Illinois community bankers to make a final push to advance several CBAI and ICBA-advocated regulatory relief measures through the U.S. House of Representatives.

The three bills, inspired by ICBA’s Plan for Prosperity regulatory relief agenda, have been a top priority and advanced through committee following the recent Call on Washington and Washington Policy Summit. After more than a year of advocacy these bills are now teed up for passage by the full House. The legislation includes:

  • H.R. 4521, the Community Institution Mortgage Relief Act introduced by Rep. Blaine Luetkemeyer (R-Mo.), which would exempt community bank portfolio loans from new escrow requirements and raise the small-servicer exemption threshold from 5,000 to 20,000 loans,
  • H.R. 4466, the Financial Regulatory Clarity Act introduced by Rep. Shelley Moore Capito (R-W Va.), which would require federal financial regulators to consider whether proposed regulations are duplicative or inconsistent with existing regulations before issuing them, and
  • H.R. 2673, the Portfolio Lending and Mortgage Access Act introduced by Rep. Andy Barr (R-Ky.), which would provide that any residential mortgage held in portfolio by the originator is a qualified mortgage, under the CFPB’s ability-to-repay rule.
Please contact your Member of Congress today!