Since the passage of the Equal Credit Opportunity Act and the Fair Housing Act, financial services providers have tried to “achieve fairness through blindness,” according to Kareem Saleh, CEO of disparity-analysis firm FairPlay.
The new rule changes the definition of "colonia" and "rural area" to ensure more of these impoverished, predominantly Latino communities are covered under the regulation.
The FTC filed a motion for a temporary restraining order and a preliminary injunction to halt the proposed acquisition of Black Knight by Intercontinental Exchange.
At the direction of the Federal Housing Finance Agency, Fannie and Freddie tweaked their efforts to address equity issues for minority homebuyers and renters.