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FEDERAL RESERVE SYSTEM

12 CFR Part 202

[Regulation B; Docket No. R-0955]

Equal Credit Opportunity

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule.

SUMMARY: The Board is publishing revisions to Regulation B (Equal Credit Opportunity). The revisions implement recent amendments to the Equal Credit Opportunity Act (ECOA). These amendments create a legal privilege for information developed by creditors as a result of "self-tests" that they voluntarily conduct to determine the level of their compliance with the ECOA. The Department of Housing and Urban Development will publish similar revisions to the regulations implementing the Fair Housing Act.

DATES: The rule is effective January 30, 1998.

FOR FURTHER INFORMATION CONTACT: James A. Michaels, Senior Attorney, or Natalie E. Taylor, Staff Attorney, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, at (202) 452-3667 or 452-2412; for the hearing impaired only, Diane Jenkins, Telecommunications Device for the Deaf (TDD), at (202) 452-3544.

Summary and proposed regulation (69 KB PDF)

1997 Banking and consumer regulatory policy


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Last update: December 19, 1997, 11:00 AM