[Federal Register Volume 73, Number 115 (Friday, June 13, 2008)]
[Rules and Regulations]
[Pages 33662-33663]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-13222]



12 CFR Part 202

[Regulation B; Docket No. R-1295]

Equal Credit Opportunity

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final Rule; technical amendment.


SUMMARY: The Board is publishing amendments to Regulation B (Equal 
Credit Opportunity Act) to update the address where questions should be

[[Page 33663]]

directed concerning creditors for which the Federal Reserve System 
administers compliance with the regulation.

DATES: Effective Date: June 13, 2008.

FOR FURTHER INFORMATION CONTACT: Yvonne Cooper, Manager, Consumer 
Complaints, Division of Consumer and Community Affairs, Board of 
Governors of the Federal Reserve System, at (202) 452-3946. For the 
users of Telecommunications Device for the Deaf (``TDD'') only, contact 
(202) 263-4869.

SUPPLEMENTARY INFORMATION: The Equal Credit Opportunity Act (ECOA), 15 
U.S.C. 1691-1691f, makes it unlawful for a creditor to discriminate 
against an applicant in any aspect of a credit transaction on the basis 
of the applicant's national origin, marital status, religion, sex, 
color, race, age (provided the applicant has the capacity to contract), 
receipt of public assistance benefits, or the good faith exercise of a 
right under the Consumer Credit Protection Act, 15 U.S.C. 1601 et seq. 
The ECOA is implemented by the Board's Regulation B.
    In addition to the general prohibition against discrimination, 
Regulation B contains specific rules concerning the taking and 
evaluation of credit applications, including procedures and notices for 
credit denials and other adverse actions. Under section 202.9 of 
Regulation B, notification given to an applicant when adverse action is 
taken must contain the name and address of the federal agency that 
administers compliance with respect to the creditor. Appendix A of 
Regulation B contains the names and addresses of the enforcement 
agencies where questions concerning a particular creditor shall be 
    The Board recently established a centralized Federal Reserve 
Consumer Help Center (``Help Center'') for receiving inquiries about 
creditors for which the Board enforces Regulation B. In September 2007, 
the Board revised the name and address in Appendix A to reflect the 
Help Center's address. 72 FR 55020 (Sept. 28, 2007). Although this 
change was effective October 29, 2007, creditors have until October 1, 
2008 to include the new name and address on their adverse action 
notices. The amendment being made today does not affect that 
    The Board has also established centralized telephone numbers that 
consumers can use to contact the Help Center and inquire about 
creditors for which the Board enforces Regulation B. In the September 
2007 Federal Register notice, the Board included these telephone 
numbers in Appendix A. As a result, the Board has received questions 
about whether the telephone numbers must be included in creditors' 
adverse action notices. Section 202.9 of Regulation B does not require 
creditors to include telephone, facsimile, or TDD numbers in their 
adverse action notices. Accordingly, to clarify the matter, the Board 
is amending Appendix A of Regulation B to eliminate the reference to 
the telephone numbers. The mandatory compliance date remains October 1, 

List of Subjects in 12 CFR Part 202

    Aged, Banks, banking, Civil rights, Consumer protections, Credit, 
Discrimination, Federal Reserve System, Marital status discrimination, 
Penalties, Religious discrimination, Sex discrimination.

Authority and Issuance

For the reasons set forth in the preamble, the Board amends 12 CFR part 
202 to read as follows:


1. The authority citation for part 202 continues to read as follows:

    Authority: Section 15 U.S.C. 1691-1691f.

2. Appendix A to part 202 is amended by revising the third paragraph to 
read as follows:

Appendix A to Part 202--Federal Enforcement Agencies

* * * * *
    State member banks, branches and agencies of foreign banks 
(other than federal branches, federal agencies, and insured state 
branches of foreign banks), commercial lending companies owned or 
controlled by foreign banks, and organizations operating under 
section 25 or 25A of the Federal Reserve Act: Federal Reserve 
Consumer Help Center, P.O. Box 1200, Minneapolis, MN 55480.
* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, June 9, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8-13222 Filed 6-12-08; 8:45 am]