Regulatory Alerts2021-02-03 | 2020-28452Added · Updated
Removal of Transferred OTS Regulations Regarding Nondiscrimination Requirements
The Federal Deposit Insurance Corporation (FDIC) finalized a rule rescinding its transferred Office of Thrift Supervision nondiscrimination regulations and amending its Fair Housing regulation to uniformly apply to state savings associations. This action eliminates duplicative and burdensome compliance requirements by aligning state savings associations with the nondiscrimination standards already imposed on insured state nonmember banks. The updated framework revises regulatory definitions, updates the Equal Housing Lender poster address display mandate, and streamlines recordkeeping obligations under federal fair lending laws.
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