GAO Calls for Changes in HMDA, ECOA, Use of Testers to Strengthen Oversight, Enforcement of Fair Lending Laws
August 20, 2009
Congress and federal banking regulators are getting pressure to update federal fair lending laws and to strengthen fair lending oversight and enforcement by considering the use of testers, surveys and other means to better assess discrimination risk early in the mortgage lending process. A new Government Accountability Office report concluded that lack of data and a fragmented...