Transferred OTS Regulations Regarding Nondiscrimination Requirements

September 25, 2020 FDIC, Regulation lookup 0

Title:	Transferred OTS Regulations Regarding Nondiscrimination Requirements
Subject:	Nondiscrimination requirements
Agency:	FDIC
Status:	Final rule
Summary:	The Federal Deposit Insurance Corporation (FDIC) is rescinding and removing its regulation titled “Nondiscrimination Requirements” and amending its regulation titled “Fair Housing” to make it applicable to State savings associations. These actions will streamline the FDIC’s rules by eliminating unnecessary, inconsistent, and duplicative regulations, and ensure insured State nonmember banks and State savings associations generally will be subject to the same nondiscrimination requirements.
FR Doc:	2020-28452
Date proposed:	Sept. 15, 2020
Comments due date:	Oct. 26, 2020
Final rule effective date:	March 5, 2021; however, compliance with 12 CFR 338.4(b) regarding displaying the current address of the FDIC’s Consumer Response Center on an Equal Housing Lender poster is mandatory on Feb. 3, 2022
Rule compliance date:
Agency release:
Related Reg Report item(s):

Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes

April 25, 2024 0

Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, largely after it became apparent [...]
FDIC: Deposit Insurance Fund on track to reach statutory minimum before deadline

April 25, 2024 0

The federal bank deposit insurer’s Deposit Insurance Fund (DIF) reserve ratio grew from 1.11% June 2023 to 1.15% in December and remains on track to return to its statutory minimum of 1.35% before its statutory deadline of Sept. 30, 2028, [...]
CFPB’s consumer panel to meet May 15

April 25, 2024 0

A public meeting of the Consumer Advisory Board (CAB) of the federal consumer financial protection agency is slated for May 15 from 10:30 a.m. to 1 p.m. Eastern. CAB is charged with advising and consulting with the Consumer Financial Protection [...]
Bureau asserts scrutiny of mortgage servicing fees having impact; declines in overdraft, NSF fees leveling off

April 24, 2024 0

More than $120 million in junk fee refunds since August from bank account deposits has resulted in the federal consumer financial protection agency’s supervision work on the charges, the agency said in a release Wednesday. Meanwhile, the agency said, fees [...]
4 named to FDIC MDI subcommittee; panel to meet May 1

April 24, 2024 0

Four bankers have been named to the minority depository institutions (MDI) panel that provides feedback to the Federal Deposit Insurance Corp. (FDIC) on how the agency fulfills its statutory goals to support MDIs, the FDIC announced Wednesday. The new members [...]
Agencies give extension to comment period for Capitol One’s proposed purchase of Discover

April 24, 2024 0

The acquisition of Discover Financial Services by a large, Virginia-based banking firm will be subject to public comment through May 31, federal banking regulators said separately Wednesday. The Federal Reserve Board and the Office of the Comptroller of the Currency [...]

Related