Bankowość · 7.07.1997

Fair Housing

The FDIC is amending its fair housing regulation to clarify certain nondiscriminatory advertising requirements with regard to the type of slogan and logotype insured state nonmember banks may use in written, oral and visual advertisements, the type of fair housing posters they may display, and the location for displaying the poster. The final rule also eliminates the FDIC's separate fair housing recordkeeping requirements that serve as a substitute monitoring program permitted by the Federal Reserve Board's Regulation B, which implements the Equal Credit Opportunity Act. Furthermore, the final rule reduces the burden associated with maintaining, updating, and reporting a register of home loan applications by requiring insured state nonmember banks to comply only with the Federal Reserve Board's Regulation C, which implements the Home Mortgage Disclosure Act. The final rule simply cross-references Regulations B and C. This action is being taken in accordance with section 303(a) of the Riegle Community Development and Regulatory Improvement Act of 1994 which requires the federal bank and thrift regulatory agencies to review and streamline their regulations and policies in order to im