The National Credit Union Administration (NCUA) announced its removal of all references to disparate impact liability from its Fair Lending Guide and other issuances.
These updates follow with White House Executive Order 14281, Restoring Equality of Opportunity and Meritocracy, which directs federal agencies to eliminate the use of disparate impact liability in all contexts.
The NCUA’s examination and supervision processes will no longer include reviews for disparate impact and the agency will no longer request, review, or conclude or follow-up on:
Consistent with applicable law, the NCUA will continue to conduct fair lending examinations and risk assessments and take appropriate action if evidence of disparate treatment or other violations are found.
For more information, email Heather Line.
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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