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Agencies fail to curb housing loan discrimination
Senate Banking Committee finds three of four federal mortgage regulators have not issued antidiscrimination rules and none has found a lender guilty. Proxmire calls action eight years after the 1968 Fair Housing Act a disgrace. Agencies regulate $125 billion in mortgages. no records kept to detect bias. A joint task force with HUD and Justice was formed to craft enforcement policy.
MENTIONED IN THIS ARTICLE
Washington
Senate Banking Committee
William Proxmire
Dwis
Home Loan Bank Board
Federal Reserve Board
Federal Deposit Insurance Corp
Comptroller of the Currency
Savings and Loan Associations
FDIC
Proxmire
Justice Department
Department of Housing and Urban Development