WASHINGTON (2/14/13)--The U.S. Department of Housing and Urban Development issued a final rule on "discriminatory effect" related to fair housing practices and the Credit Union National Association is analyzing it to determine how the rule could impact credit unions.
The HUD final rule formalizes the national standard for determining whether a housing practice violates the Fair Housing Act as the result of discriminatory effect. HUD anticipates the rule will make it easier for individuals and organizations covered by the law to understand their responsibilities and comply with the law.
"Through the issuance of this rule, HUD is reaffirming its commitment to enforcing the Fair Housing Act in a consistent and uniform manner," HUD Secretary Shaun Donovan said. "This will ensure the continued strength of one of the most important tools for exposing and ending housing discrimination."
The rule will become effective 30 days after it is published in the Federal Register.
CUNA will release a Final Rule Analysis on the HUD rule in the coming weeks.