Search Results for keywords:"Fair Housing Act"

Found 2 results

Search Results: keywords:"Fair Housing Act"

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  • 2020-28452 — Removal of Transferred Office of Thrift Supervision (OTS) Regulations Regarding Nondiscrimination Requirements
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    Type:Rule
    Citation:86 FR 8082
    Reading Time:about 43 minutes

    The FDIC has issued a final rule to simplify its regulations by rescinding outdated and redundant policies regarding nondiscrimination.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.

    Simple Explanation

    The FDIC is making some old rules about not being unfair disappear and changing the rules around fair housing so they apply to more banks, making sure everyone follows the same rules about treating people fairly when they want loans or a place to live.

  • 2021-02074 — Redressing Our Nation's and the Federal Government's History of Discriminatory Housing Practices and Policies
    Type:Presidential Document
    Citation:86 FR 7487
    Reading Time:about 5 minutes

    The memorandum from the President directs the Secretary of Housing and Urban Development to review and address recent federal housing regulations and their compliance with the Fair Housing Act's requirements. It acknowledges the long history of discrimination in housing and the government's role in perpetuating racial segregation. The memorandum emphasizes the need for the federal government to actively promote fair housing practices and ensure equal access to housing for all communities. This is part of a broader effort to redress past discriminatory practices and promote diverse and inclusive communities.

    Simple Explanation

    The President wrote a note asking the government people who take care of where we live to make sure their rules are fair for everyone, no matter who they are. They want to fix any unfair rules from the past and help everyone live happily together.