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    Home/News/Topics/Fair Lending

    Topics

    Fair Lending

    1 signal

    Signals

    Regulatory ComplianceHousing FinanceCivil RightsFair LendingProcurement PolicyPolicy
    20 days ago

    HUD Rescinds Special Purpose Credit Programs Guidance Impacting Fair Lending

    The Department of Housing and Urban Development (HUD) rescinds the 2022 guidance on Special Purpose Credit Programs (SPCPs) alongside six federal agencies, reinforcing merit-based lending in compliance with anti-discrimination laws. This significant policy shift will require financial institutions and contractors to realign their practices and compliance measures in light of enhanced scrutiny on lending fairness.