HUD Housing Bias Rule Aimed At High Court, Not Lenders

Law360, New York (February 11, 2013, 8:53 PM EST) -- A new U.S. Department of Housing and Urban Development rule defining how courts can use statistics to ferret out discriminatory lending practices is aimed at preventing the U.S. Supreme Court from removing that powerful tool from the agency's enforcement kit should it take on a challenge to the controversial doctrine, attorneys say.

HUD said Friday's final rule setting up a three-part “effects” test for determining whether a financial institution's lending policy had a “disparate impact” resulting in discrimination against any one group was aimed at setting...
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