Financial Services Committee Ranking Member Maxine Waters (D-Calif.), the American Civil Liberties Union, the National Fair Housing Alliance and 23 former and current members of Congress have teamed up in support of disparate impact prior to a Supreme Court decision.
The Supreme Court is scheduled to begin hearing arguments on the latest disparate impact case to reach the nation's highest court. Similar cases were scheduled to be heard by the court in 2011 and 2013, but both were settled before opening arguments were heard.
Under the Fair Housing Act, regulators use disparate impact, which relies upon lending data, to determine if a policy or practice may have resulted in discrimination. Credit unions that produce outlier data are flagged by regulators as potential recipients of NCUA fair lending exams.
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