News

2009

• Justice Department Files Lawsuit Alleging Auto Lending Discrimination in Los Angeles
  
  
• Justice Department Reaches Settlement with First United Security Bank of Thomasville, Alabama, Regarding Alleged Discrimination in Lending
  
  
• FDIC Settles Fair Lending Allegations Against First Mariner Bank
  
  
• FTC alleges that mortgage lender charged Hispanics higher prices for loans
  
  
• Office of the Comptroller of the Currency issues bulletin regarding home mortgage disclosure act
  
  
• Attorney General Cuomo announces agreement with major mortgage brokers

2008

• Mortgage Lender Agrees to Settle FTC Charges That It Charged African-Americans and Hispanics Higher Prices for Loans
  
  
  • Complaint
  • Stipulated Final Judgment and Order
  
  
• Justice Department settlement resolves allegations of discrimination against borrowers on Indian reservations
  
  
• Justice Department resolves case alleging race discrimination by Alabama bank
  
  
• HUD fair lending public service announcement to showcase in movie theaters across the nation
  
  
• Testimony of Sandra Braunstein, Director, Division of Consumer and Community Affairs, on the Equal Credit Opportunity Act
  
  
• Chairman Frank and committee members call for GAO study on fair lending enforcement

2007

• Justice Department reaches settlement in two automobile lending discrimination cases
  
  
  • Complaint - US v. Pacifico Ford, Inc.
  • Consent order - US v. Pacifico Ford, Inc.
    
    
  • Complaint - US v. Springfield Ford, Inc.
  • Consent order - US v.Springfield Ford, Inc.
    
    
• Statement of OTS Director Yakimov concerning "Rooting out discrimination in mortgage lending: Using HMDA as a tool for fair lending enforcement"
  
  
• OCC Director of Compliance Calvin R. Hagins Testifies Before House Financial Services Subcommittee
  
  
• FTC Testifies Before U.S. House Subcommittee on Home Mortgage Disclosure Act Data and FTC Lending Enforcement Program
  
  
• Testimony by Federal Reserve Director Braunstein on Fair Lending and the Home Mortgage Disclosure Act
  
  
• HUD Announces $100,000 Settlement of Fair Lending Complaint Against First Indiana Bank, N.A.
  
  
  • Conciliation Agreement
  
  

2006

• Justice Department Reaches Settlement with Compass Bank Regarding Alleged Discrimination in Lending
  
  
• DOJ Reaches Settlement With Centier Bank Regarding Alleged Redlining
  
  
  • Complaint
  • Consent Order
    
    
• Revisions to Higher-Priced Home Lending and the 2005 HMDA Data
  
  
• Higher-Priced Home Lending and the 2005 HMDA Data
  
  
• Annual Adjustment of HOEPA Triggers
  
  
  • Federal Reserve Board Notice
    
    
• OCC Working Paper: Foreclosures of Subprime Mortgages in Chicago: Analyzing the Role of Predatory Lending Practices
  
  
• OCC: What Are Examiners Looking for When They Examine Banks for Compliance?
  
  
• Comptroller Dugan Expresses Concern about Non-traditional Mortgages
  
  
• Agencies Announce Updated Answers to HMDA Price Data FAQ
  
  
• Regulators Announce Settlement with Ameriquest Mortgage Company
  
  
  • Settlement Agreement

2005

• OCC: A Look at Fair Lending through the Lens of the New HMDA Data
  
  
• OCC Takes Action Against Bank and Subsidiary For Lending Practices
  
  
  • Formal Agreement
    
  
  
• Speech by Governor Bies on the Home Mortgage Disclosure Act
  
  
• Agencies Announce Answers to Frequently Asked Questions About New HMDA Data

• OCC Issues Guidelines to Prevent Predatory Residential Mortgage Lending Practices
  
  
  • Guidelines
    
  
  

2004

• OCC Counsel Williams Encourages Self-Analysis of New HMDA Data
  
  
• Annual Adjustment of HOEPA Triggers
  
  
  • Federal Reserve Board Notice
    
    
• FTC Charges Mortgage Broker with Deceptive Claims
  
  
• FTC Challenges Bogus Mortgage Loan Brokers
  
  
• Federal Reserve Issues Cease and Desist Order to CitiFinancial
  
  
• Detroit Bank Charged with Alleged Discriminatory Redlining
  
  
• FTC Testifies on its Efforts to Combat Unfair and Deceptive Subprime Lending
  
  

2003

• Fairbanks Capital Settles FTC and HUD Charges
  
  
• Fed Governor Gramlich: An Update on Predatory Lending
  
  
• New Interagency Consumer Brochure on Predatory Lending
  
  
• OCC Issues Working Paper - Economic Issues in Predatory Lending
  
  
• Fed Issues HMDA Transition Rules
  
  
  • Transition Rules
  
  
• Federal Reserve Issues Proposed Amendment of Official Staff Commentary to Regulation C (HMDA)
  
  
• OCC Invites Comments on Preemption of Georgia Fair Lending Act
  
  
• Fed Approves Final Rule Amending Regulation B
  
  
  • Final Rule
    
    
• FTC Issues Revised Consumer Lending Alert
  
  

2002

• Fed Issues Annual Notice of Asset Size Exemption Threshold For Depository Institutions Under Regulation C
  
  
• Fed Issues Proposed Revisions to Official Staff Commentary to Regulation Z Including New HOEPA Guidance
  
  
  • Proposed Revisions
    
    
• FTC Files Comment on HUD's Proposed RESPA Amendments
  
  
• HUD Secretary Martinez Testifies on RESPA Reform
  
  
• Annual Adjustment of HOEPA Triggers
  
  
  • Federal Reserve Board Notice
    
    
• Citigroup Settles FTC Charges Against The Associates' Lending Practices for $215 Million
  
  
  • Preliminary Stipulated Final Judgment and Order
  
  
• OCC Issues New Rule Providing Enhanced Consumer Protections on Debt Cancellation Contracts and Debt Suspension Agreements
  
  
  • Final Rule
    
    
• FDIC Issues Consumer Education Materials on Predatory Lending
  
  
• Mortgage Lender Settles Charges of Illegal Lending Practices
  
  
  • Complaint
  • Stipulated Final Judgment
    
    
• DOJ Settles Lending Discrimination Suit Against Fidelity Federal Bank
  
  
  • Complaint
  • Settlement Agreement
    
    
• HUD Announces New "Homebuyer Bill of Rights"
  
  
• Reminder: Pennsylvania's Predatory Lending Law Takes Effect June 25, 2002
  
  
• Fed Publishes Revisions to Regulation C (HMDA)
  
  
  • Final Rule - Staff Interpretation
  • Final Rule - Technical Amendment
  
  
• Fed Announces Postponement of Recent HMDA Amendments
  
  
  • Text of Board's Notice
    
    
• Sarbanes Announces Legislation to Combat Predatory Lending
  
  
  • Text of Bill
    
    
• OCC Issues Guidance on Unfair or Deceptive Acts or Practices
  
  
  • Speech by Chief Counsel Julie L. Williams
  
  
• Home Mortgage Lender Settles "Predatory Lending" Charges
  
  
  • Second Amended Complaint
  • Stipulation of Settlement (Part 1)
  • Stipulation of Settlement (Part 2)
  • Court Order
• 
  
• OCC Guidance on Unfair or Deceptive Acts or Practices
  
  
• Speech by Fed Governor Gramlich on Lending to Lower-Income Households
  
  
• New FDIC Guidance on Spousal Signature Provisions of Regulation B
  
  
• Federal Reserve Amends Home Mortgage Disclosure Act (HMDA)
  
  
  • Proposed Rule
  • Final Rule
    
    
• Speech by Fed Governor Gramlich on Predatory Lending
  
  

2001

• Federal Reserve Approves HOEPA Amendments
  
  
  • Text of Final Rule
    
    
• GSEs Increase Conforming Loan Limit to $300,700 for 2002
  
  
  
• HUD Enters Into Settlement Agreements With Lenders Over Illegal Mortgage Fees
  
  
• Annual Adjustment of HOEPA Triggers
  
  
• • Federal Reserve Board Notice
    
    
• OCC Guidance Cautions National Banks on Third Party Relationships
  
  
• • OCC Bulletin 2001-47
    
    
• HUD Issues New Policy Statement on Yield Spread Premiums and Upcharging
  

• NYSBD Issues Due Diligence Recommendations for Loan Purchases and Securitizations Used for CRA Credit

• Senate Banking Committee Holds Hearings on Predatory Lending
  
  
  • Witness List and Prepared Testimony
  • Witness List and Prepared Testimony
    
    
• Attorney General's 2000 Report to Congress Pursuant to the Equal Credit Opportunity Act
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• Tackling Predatory Lending: Regulation and Education - Speech by Fed Governor Gramlich
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• FTC's Comments to Federal Reserve on Proposed Changes to Regulation C/HMDA
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• FTC's Comments to Federal Reserve on Proposed Changes to Regulation Z/HOEPA
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• Interagency Task Force Publishes Spanish Language Consumer Brochure About Mortgage Lending
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• FTC Charges One of the Nation's Largest Subprime Lenders with Abusive Lending Practices
  
  
  • Complaint
  • Exhibit A
  • Exhibit B
    
    
• FTC Testifies on Enforcement, Consumer Education Initiatives to Combat Predatory Lending Practices

• NYSBD Issues Mortgage Banking Letter Re: Fair Lending Examinations

• FFIEC issues "A Guide to CRA Data Collection and Reporting"

• Bill Lann Lee Reflects Upon DOJ's Fair Lending Enforcement Program Over Last Eight Years

• DOJ and Associates National Bank Settle Discrimination Complaint

• OCC Releases Large Bank CRA Examiner Guidance
  
  
  • Text of Guidance
    
    

2000

• Freddie Mac Announces Position Against Predatory Lending Practices

• Federal Reserve Board Increases Threshold for Exemption From HMDA Reporting

• Federal Reserve Board Proposes Amendments Seeking to Lower HOEPA Triggers
  
  
  • Proposed Rule
    
    
• Speech by Fed Governor Gramlich on Sub-Prime Lending and Predatory Lending

• OCC Does Not Object to Citigroup's Proposed Acquisition of Associates National Bank

• FDIC Issues Letter re: Citigroup's Proposed Acquisition of Associates Capital Bank

• Federal Reserve Board Seeks Comments on Proposed Changes to Regulation C (HMDA Reporting)
  
  
  • Proposed Rule
    
    
• Response of Citigroup to OCC Letter re: Its Acquisition of Associates First Capital Corp.

• Federal Reserve Board Increases Fee Trigger for HOEPA Loans in 2001

• OCC Issues Updated Comptroller's Handbook for Fair Lending Examination Procedures

• Response by Citigroup to Public Comments Re: Its Acquisition of Associates First Capital Corp.

• U.S. Department of Justice's Amicus Brief in Cason v. Nissan Motor Acceptance Corp. Case

• FTC Charges That Sub-Prime Lenders Misrepresented Loan Terms to Consumers
  
  
  • Complaint
    
    
• Federal Reserve Releases New Transcripts of Public Hearings on Home Equity Lending Practices

• Sub-prime Lender Agrees to Pay $350,000 Civil Penalty to Settle Charges of Violating Federal Lending Laws
  
  
  • Complaint
  • Consent Decree
    
    
• Federal Reserve Releases Transcripts of Public Hearings on Home Equity Lending Practices

• Gramm Says Regulators' Responses Underscore Need for Defining "Predatory Lending"

• Staff Analysis of Regulators' Responses

• Lender Agrees to Settle FTC Charges That Ads for Debt Consolidation Loans Were False and Misleading
  
  
  • Complaint
  • Agreement Order
  • Analysis of Proposed Consent
  • Important FTC Statement
    
    
• OCC Issues Advisory Letter on Abusive Lending Practices

• Subprime Lender Agrees to Settle FTC Charges of Violating Federal Lending and Consumer Protection Laws
  
  
  • Complaint and Stipulated Final Judgment
    
    
• Federal Reserve's Report on the Performance and Profitability of CRA-Related Lending
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• FDIC Appoints Five Senior Officials in Division of Compliance and Consumer Affairs
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• Remarks by OCC Senior Official on Predatory Lending

• OCC Guidance Focuses on the Risks of Using Computer-Based Financial Models
  
  
  •   Text of Guidance
    
    
• Prepared Statement of the FTC on Predatory Lending Practices in the Subprime Industry

• Comptroller Hawke Outlines Program to Combat Predatory Lending

• Request for Comment: 2000 Interagency CRA Questions and Answers

• Agencies Propose Rule on Disclosure and Reporting of CRA-Related Agreements

• OCC Announces New Community Development Resources for Bankers
  

• FTC, DOJ, and HUD Announce Action to Combat Abusive Lending Practices

• Comptroller Hawke Urges Increased Action, Education to Combat Predatory Lending
  
  
  • Text of Speech