entity

Department of Housing and Urban Development

Also known as: HUD

Entities (2)

Consumer Financial Protection Bureau

Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau and the Department of Housing and Urban Development are federal agencies that collaborate on regulatory reporting and fair lending enforcement, as evidenced by their joint consultation on HMDA data requirements [1], [2] and their shared membership in interagency task forces and working groups [3], [4], [5]. — 5 supporting facts

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Facebook

Facebook

The Department of Housing and Urban Development (HUD) initiated a formal investigation and filed a discrimination charge against Facebook regarding its advertising practices, as detailed in [1] and [2]. This legal action highlights how Facebook's platform filters raised fair lending concerns, as referenced in [3].

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Facts (12)

Sources

Fair Lending Report of the Consumer Financial Protection Bureau federalregister.gov Consumer Financial Protection Bureau Jul 2, 2024 5 facts

claimThe Interagency Working Group on Fair Lending Enforcement is a standing working group of Federal agencies, including the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), the Department of Housing and Urban Development (HUD), and the Federal Trade Commission (FTC), that meets regularly to discuss issues relating to fair lending enforcement.

procedureThe Consumer Financial Protection Bureau (CFPB) is required to report annually, in consultation with the Department of Housing and Urban Development (HUD), on the utility of the Home Mortgage Disclosure Act (HMDA) requirement that covered lenders itemize certain mortgage loan data.

claimThe Consumer Financial Protection Bureau (CFPB), in consultation with the Department of Housing and Urban Development (HUD), finds that the itemization and tabulation of HMDA data furthers the purposes of the Home Mortgage Disclosure Act.

claimThe Interagency Task Force on Fair Lending consists of the Consumer Financial Protection Bureau (CFPB), the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Department of Justice (DOJ), and the Federal Housing Finance Agency (FHFA).

claimConsumer Financial Protection Bureau (CFPB) personnel meet regularly with personnel from the Department of Justice (DOJ), the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), the Federal Housing Finance Agency (FHFA), State Attorneys General, and prudential regulators to coordinate and discuss the CFPB's fair lending work.

Fair Lending Enforcement Program - Department of Justice justice.gov Department of Justice 2 facts

accountThe Department of Justice, the Secretary of the Department of Housing and Urban Development, and the Federal Trade Commission filed a lawsuit against Delta Funding Corporation, a subprime mortgage lender operating in Brooklyn and Queens, alleging violations of fair lending and consumer protection laws.

measurementIn upper-income neighborhoods, the rate of subprime lending was 39% for African Americans and 6% for whites, according to the Department of Housing and Urban Development (HUD) report 'Unequal Burden: Income and Racial Disparities in Subprime Lending in America' published in April 2000.

Financial Rules of Thumb: Your Money Management Cheat Sheet champlain.edu Champlain College Apr 9, 2025 2 facts

claimThe Department of Housing and Urban Development recommends that individuals have at least 70% of their income available for expenses beyond housing.

referenceThe Department of Housing and Urban Development considers individuals who spend more than 30% of their gross monthly income on housing to be 'housing-burdened' and recommends that individuals keep housing costs below 30% of their income to ensure 70% of income remains available for other expenses.

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 2 facts

claimThe National Association of Mortgage Brokers is currently active in the Department of Housing and Urban Development (HUD) and the Treasury Department's Joint Task Force on Abusive Lending Practices.

claimThe Department of Housing and Urban Development (HUD) has documented data showing that predatory lending practices have targeted the elderly.

The Fair Lending Implications of Targeted, Internet Marketing consumercomplianceoutlook.org Consumer Compliance Outlook 1 fact

claimThe Department of Housing and Urban Development (HUD) proposed a rule regarding the standard for discrimination claims alleging disparate impact, which would affect the requirements to prove such claims if enacted.