[Federal Register Volume 73, Number 181 (Wednesday, September 17, 2008)]
[Rules and Regulations]
[Page 53685]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-21629]

Rules and Regulations
                                                Federal Register

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Federal Register / Vol. 73, No. 181 / Wednesday, September 17, 2008 / 
Rules and Regulations

[[Page 53685]]


12 CFR Part 202

[Regulation B; Docket No. R-1327]

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 
directed concerning creditors for which the Office of Thrift 
Supervision administers compliance with the regulation.

DATES: Effective Date: October 17, 2008. Compliance is optional until 
September 17, 2009.

FOR FURTHER INFORMATION CONTACT: Jamie Z. Goodson, Attorney, Division 
of Consumer and Community Affairs, Board of Governors of the Federal 
Reserve System, at (202) 452-3667. 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 
directed. This amendment updates the address for the Office of Thrift 
Supervision. Creditors for which the Office of Thrift Supervision 
administers compliance with Regulation B must include this new address 
on their adverse action notices starting September 17, 2009.

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 is amended by removing the fifth and sixth paragraphs and 
adding a new paragraph in their place to read as follows:


* * * * *
    Savings institutions under the Savings Association Insurance 
Fund of the FDIC and federally chartered savings banks insured under 
the Bank Insurance Fund of the FDIC (but not including state-
chartered savings banks insured under the Bank Insurance Fund): 
Office of Thrift Supervision, Consumer Response Unit, 1700 G Street, 
NW., Washington, DC 20552.
* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, September 11, 2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-21629 Filed 9-16-08; 8:45 am]