Search Results for keywords:"Fair Housing"

The FDIC has issued a final rule to simplify its regulations by rescinding outdated and redundant policies regarding nondiscrimination. It is removing a regulation known as "Nondiscrimination Requirements" and updating the "Fair Housing" regulation to also cover State savings associations. This change ensures all FDIC-supervised banks follow the same nondiscrimination rules, aligning with federal laws like the Equal Credit Opportunity Act and Fair Housing Act. The rule will take effect on March 5, 2021, with additional compliance deadlines set for February 3, 2022.

The U.S. Department of Housing and Urban Development (HUD) has issued an interim final rule to simplify and clarify the regulations related to affirmatively furthering fair housing (AFFH). This rule returns to the older, pre-1994 understanding that requires grantees to make active efforts to promote fair housing but removes detailed planning mandates that were previously enforced. The simplified rule aims to reduce regulatory burdens, allowing local communities more flexibility to address their specific housing needs. Public comments on this rule are invited within 60 days from the effective date.