Changes in advertising rules and disclosure and recordkeeping requirements under the Fair Housing Act are included in an updated consumer compliance examination manual (CEM), the federal insurer of bank deposits said Wednesday.
The updates were made Aug. 16, the agency noted.
According to the Federal Deposit Insurance Corp. (FDIC) the changes for the CEM under the act are included in section V, chapters 8.1.
The manual was also updated with a deletion under the Home Mortgage Disclosure Act (HMDA) section (section V, chapter 9.1) removing a reference to a “Reasons for Denial” reporting requirement that no longer exists, the agency said.
The manual, according to the FDIC, provides supervisory information about consumer compliance examinations, Community Reinvestment Act (CRA) performance evaluations, and “other supervisory activities.” The manual also, the agency said, includes supervisory policies and exam procedures for evaluating banks’ compliance with federal consumer protection laws and regulations.