FDIC Issues Technical Correction to the Fair Housing Rule

On April 24, 2023, the FDIC published in the Federal Register a technical correction to the FDIC's Fair Housing Rule that makes a change to their Equal Housing Lending Poster. This is the second change to the FDIC’s Equal Housing Lending Poster in less than a year.

Previously, the FDIC amended their rules in August of 2022 to reflect a reorganization and change in the name of the FDIC’s former Consumer Response Center, to the new name of National Center for Consumer and Depositor Assistance. The rule change also added a requirement to add web addresses. At this time, the August 2022 amended version of the rule inadvertently removed bracketed instructions that require FDIC supervised banks to include the mailing address of the National Center for Consumer and Depositor Assistance.

The bracketed instructions were first required in February of 2021 when the FDIC amended their rules by removing the mailing address for the former Consumer Response Center and replacing it with a bracketed instruction requiring financial institutions to insert on the Equal Housing Lending Poster the address for the former Consumer Response Center as stated on the FDIC’s website at www.fdic.gov.

With this new amendment on April 24, 2023, the FDIC made a technical correction to to reinsert the bracketed instruction for FDIC-supervised institutions to insert on their Equal Housing Lending Posters the mailing address for the National Center for Consumer and Depositor Assistance as stated on the FDIC's website at www.fdic.gov. According to the FDIC, including the instruction for FDIC-supervised banks to insert the mailing address helps ensure that posters contain the Center's up-to-date mailing address as compared to listing the Center’s current mailing address. Banks (and the public) can find the National Center for Consumer and Depositor Assistance's current mailing address by visiting www.fdic.gov and searching for “National Center for Consumer and Depositor Assistance” with the website's search tool.

As of writing this article, the mailing address is not yet available and the center’s name is not yet updated in the FDIC’s website.

The updated rule is effective on June 23, 2023.

The technical correction can be found here.

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