In a BNA Banking Report article, Reed Smith's William Mutterperl wrote about the recent Office of the Comptroller of the Currency (OCC) enforcement action that applied the disparate impact theory of discrimination in finding that a group of white male borrowers and male-female married couple borrowers had been discriminated against. This latest enforcement action by the OCC creates a mine field for financial institutions, in which they face a no-win situation, caught between conflicting federal policies both designed to ensure equal access to credit for all consumers. Click here to read the entire article about this potentially precedent setting action.
This article is presented for informational purposes only and is not intended to constitute legal advice.
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