Transferred OTS Regulations Regarding Nondiscrimination Requirements
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.
|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:|
|Related Reg Report item(s):||