In the United States, this principle is embodied in fair lending laws such as the Equal Credit Opportunity Act, the Fair Housing Act as well as other factors included in state and local laws. These laws require the equitable treatment of all credit applicants without regard to race, sex (...
The Fair Housing Act (FHA) These laws remain as relevant as ever in the digital era; however, their application has become more complex. The digital transformation of lending The financial industry is undergoing a significant shift as digital technologies reshape traditional practices. ...
The article discusses the history and evolution of fair lending laws and fair lending enforcement actions in the U.S. It explains the provisions of several relevant laws including the 1866 Civil Rights Act, the Fair Housing Act (FHA) of 1968, the Equal Credit Opportunity Act (ECOA), the ...
What does the Fair Housing Act do? The Fair Housing Act expressly prohibits discriminatory practices, policies and behavior among those involved with the housing rental, purchase and financing industry. Specifically, the law prohibits discrimination by landlords, real estate companies, lending institutions...
Fair Lending Notice Last modified on December 27, 2023 Housing Financial Discrimination Act of 1977 It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of: Trends, characteristics or conditions in the neighborhood or geographic ...
The Fair Housing Act of 1968 prohibits discrimination by direct providers of housing, such as landlords and real estate companies as well as other entities, such as municipalities, banks or other lending institutions and homeowners insurance companies whose discriminatory practices make housing unavailable...
Find out who is protected by the federal Fair Housing Act of 1968, how to spot housing discrimination and ways to report it. Fair housing laws protect against discrimination from landlords, real estate companies, real estate agents, cities or other governing bodies, banks or other lending institu...
Although sexual orientation and gender identity are not protected classes nationally or state-wide, Dayton and some other cities do offer protection, and the Fair Housing Act and HUD regulations offer some protections. Get more info here.
Dane,Application of the Federal Fair Housing Act to Homeowners Insurance, Chapter Two of Insurance Redlining (G. Squires, Ed.), Urban Institute Press (1997). Dane,Federal Enforcement of the Fair Lending, Equal Credit Opportunity, and Community Reinvestment Laws: 1989-1990, Chapter XIV of ...
Federal agencies like the Consumer Financial Protection Bureau have heavily relied on disparate impact theory to assert discrimination claims under the ECOA, most notably in the mortgage and auto lending space. ECOA, however, does not contain the FHA's "otherwise make unavailable" language that ...