MBA, Trade Groups Ask HUD for ‘Consistent’ Re-Codification of Disparate Impact Proposed Rule

The Mortgage Bankers Association, the American Bankers Association, the Consumer Bankers Association and the Independent Community Bankers of America asked HUD to ensure it codifies a standard of disparate impact that is fully consistent with Supreme Court precedent and implements the Fair Housing Act’s requirements with a clear legal framework to address unlawful discrimination.

MBA Asks HUD to Withhold Publication of Final Disparate Impact Rule

The Mortgage Bankers Association last night asked HUD to withhold publication of its final disparate rule, citing “legitimate concerns” that the rule erodes protections needed to combat housing discrimination and systemic inequality.