Big Banks Urge HUD to Shelve Redlining Plan. Small Banks Say Not So Fast

American Banker, July 20, 2020–Joe Adler (subscription)
In what is a sea change from their prior stance in “disparate impact,” big banks are urging the Trump administration to reconsider plans to weaken fair-lending rules. But the banking industry is far from united in that view, and so far the agency responsible for enforcing fair-lending laws, HUD, has shown no willingness to abandon the proposal. (MBA mention)