Bankowość centralna · 26/09/2011

Federal Reserve Board Publishes Final Rule Amending Regulation B on Equal Credit Opportunity

The Federal Reserve Board is publishing a final rule amending Regulation B, which requires financial institutions to collect and report information on credit applications from women, minority-owned businesses, and small businesses. The rule, which became effective in 2011, allows motor vehicle dealers to be exempt from this requirement until the Board issues final rules implementing the provision.