Knowledge Tree
Federal Reserve Board
Also known as: Fed, FRB, Federal Reserve
Facts (10)
Sources
Predatory Lending Practices - House.gov commdocs.house.gov 5 facts
claimThe Federal Reserve Board has chosen not to examine bank affiliates and has specifically refused to do so upon request from the Government Accountability Office (GAO).
claimThe Federal Reserve Board is the only regulatory entity with the authority to examine the affiliates of a bank that is a subsidiary of a bank holding company.
claimThe Federal Reserve Board possesses the legal authority to prohibit deceptive or unfair practices regarding all mortgage loans.
referenceThe Home Ownership and Equity Protection Act (HOEPA) grants the Federal Reserve Board discretionary regulatory authority to prohibit acts or practices in connection with mortgage loans that the Board finds to be unfair, deceptive, or designed to evade the provisions of the act.
perspectiveIf the Federal Reserve Board continues to decline to examine bank affiliates, Congress should either shift that regulatory authority to another agency or pass new legislation to address the issue.
Fair Lending Report of the Consumer Financial Protection Bureau federalregister.gov Jul 2, 2024 3 facts
measurementIn 2023, the FDIC, NCUA, FRB, OCC, and CFPB collectively made 33 referrals to the Department of Justice (DOJ) involving discrimination in violation of the Equal Credit Opportunity Act (ECOA).
claimThe Federal Reserve Board (FRB) referred one fair lending matter to the Department of Justice (DOJ) involving discrimination based on marital status in agricultural and commercial lending.
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).
Fair Lending Enforcement Program - Department of Justice justice.gov 1 fact
referenceRegulation B, promulgated by the Federal Reserve Board to implement the Equal Credit Opportunity Act (ECOA), prohibits lenders from inquiring about the race, color, sex, religion, or national origin of applicants for business loans and other types of non-mortgage loans.
Tracking the Economic Effects of Tariffs | The Budget Lab at Yale budgetlab.yale.edu Mar 2, 2026 1 fact
claimThe manufacturing industrial production index is constructed by the Federal Reserve Board to measure the real output of manufacturing industries.