Overhaul of Mortgage Lender Regulations Marks Historic Shift in Fight Against Discriminatory Lending

Overhaul of Mortgage Lender Regulations Marks Historic Shift in Fight Against Discriminatory Lending

This legislative overhaul, a long-awaited transformation, was led by the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. Mortgage lender regulations, established under the Community Reinvestment Act (CRA) of 1977, have been significantly modernized by banking regulators, marking a pivotal shift in the fight against discriminatory lending … Read more