CFPB: Concern Over Appraisal Bias Leads to Joint Agency Letter to The Appraisal Foundation

February 10, 2022

A joint letter was submitted by the Consumer Financial Protection Bureau’s Fair Lending Director, together with senior officials from the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration, Department of Housing and Urban Development, Federal Housing Finance Agency, and Department of Justice to The Appraisal Foundation emphasizing that federal prohibitions against discrimination under the Fair Housing Act and Equal Credit Opportunity Act extend to appraisals.

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