Links in “Discriminatory Practices/Disparate Impact”
- The Grisham-Like Twists in Disparate Impact
There is much at stake between big banks and big government over the future of disparate impact. One man in the middle of all this is Wayne Trotman, a former senior executive at Chase, who alleges that the bank fired him in retaliation for his refusal to go along with their plans to scuttle the settlement of a key disparate impact case. Very Grisham-like. [5/29/15]
- CFPB Issues Fair Lending Guidance
The CFPB has issued guidance to address a concern that consumers who receive vouchers from the Section 8 Housing Choice Voucher (HCV) Homeownership Program may be facing discrimination when applying for credit. Regulation B prohibits discrimination against applicants who receive income from public assistance. [5/13/15]
- Section 8 Housing Warning
The CFPB has become aware of institutions discriminating against applicants whose income includes vouchers from Section 8 Housing Choice Voucher Homeownership program, and issues a reminder that such practice is a violation of ECOA. [5/12/15]
- Dunder Mifflin Needs More Sensitivity Training
And apparently they're not the only ones in Scranton that do. The HUD announced a $100,000 agreement with "The Electric City" to resolve allegations of discrimination against people with disabilities. [5/7/15]
- CFPB’s Final Diversity Standards May Be Imminent
The six agencies under Dodd-Frank are undergoing final review of their diversity policy statement, signaling that release may be imminent. [5/6/15]
- Reduce Your Chances of Accusations of Discriminatory Lending Practices
Pricing is one aspect of lending discrimination that is increasingly coming under focus. If you use a risk-based pricing model, your pricing must be based on a sound methodology that evaluates risks and costs and not simply based on what competitors are charging. [4/24/15]
- Lesson for CFPB on Diversity: Hard to Improve What You Don’t Measure
A major emphasis from the Fed Board's watchdog group to the CFPB on employment diversity is the need to improve tracking of workforce data. (Also see Risk Watch 55 for more key takeaways for financial institutions from the Office of Inspector General's report.) [4/7/15]
- Risk Watch 55: What Financial Institutions Can Learn from the CFPBâs Own Diversity Issues
Since receiving stinging reports of racial disparity, the CFPB has been given an audit from the the Office of Inspector General on how to improve its diversity and inclusion efforts. What can financial institutions learn from the report? [4/3/15]
- MDIAC to Advise OCC
The Office of the Comptroller of the Currency will hold a public meeting for the Minority Depository Institutions Advisory Committee on April 7, 2015. The OCC will be advised on steps needed to ensure the continued health of minority depository institutions. [3/24/15]
- Housing Provider Discriminates Against Families
Greenbrier Village settles for $110,000 for violating the Fair Housing Act by discriminating against families with children. Â [3/23/15]
