NCUA FAQs 2016 – What federal agencies have fair lending enforcement authority over credit unions?

Compliance > Lending > Fair Lending
Q:  What federal agencies have fair lending enforcement authority over credit unions?
 
A:     NCUA, CFPB, the U.S. Department of Housing and Urban Development, and the U.S. Department of Justice.
 
ECOA requires NCUA to refer matters to the U.S. Department of Justice when NCUA has a reason to believe that a federal credit union has engaged in a pattern or practice of discrimination on a prohibited basis.  NCUA reports violations of the FH Act to HUD or DOJ.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the NCUA’s Fair Lending Compliance Program For Federal Credit Unions, Frequently Asked Questions and Answers – December 2016, which may be accessed here: https://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUA-Fair-Lending-Compliance-Program-FAQs.pdf
 

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