Lenders concerned with complying with fair lending laws would be well-advised to take heed of the U.S. Department of Housing and Urban Development’s (HUD) newly proposed rule that would amend the agency’s interpretation of the Fair Housing Act’s (FHA) disparate impact standard.
The proposal would implement a framework for establishing legal liability for facially neutral practices that have unintended discriminatory effects on consumers protected under FHA provisions.
Learn more about the proposal and the reaction to it.