[Federal Register Volume 76, Number 105 (Wednesday, June 1, 2011)]
[Rules and Regulations]
[Page 31451]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-13430]



 ========================================================================
 Rules and Regulations
                                                 Federal Register
 ________________________________________________________________________
 
 This section of the FEDERAL REGISTER contains regulatory documents 
 having general applicability and legal effect, most of which are keyed 
 to and codified in the Code of Federal Regulations, which is published 
 under 50 titles pursuant to 44 U.S.C. 1510.
 
 The Code of Federal Regulations is sold by the Superintendent of Documents. 
 Prices of new books are listed in the first FEDERAL REGISTER issue of each 
 week.
 
 ========================================================================
 

  Federal Register / Vol. 76, No. 105 / Wednesday, June 1, 2011 / Rules 
and Regulations  

[[Page 31451]]



FEDERAL RESERVE SYSTEM

12 CFR Part 202

[Regulation B; Docket No. R-1420]


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 Federal Deposit Insurance 
Corporation administers compliance with the regulation.

DATES: Effective Date: July 1, 2011. Compliance is optional until May 
31, 2012.

FOR FURTHER INFORMATION CONTACT: Jamie Z. Goodson or Priscilla Walton-
Fein, Attorneys, 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 Federal Deposit 
Insurance Corporation. Creditors for which the Federal Deposit 
Insurance Corporation administers compliance with Regulation B must 
include this new address on their adverse action notices starting May 
31, 2012.

12 CFR Chapter II

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 set forth below:

PART 202--EQUAL CREDIT OPPORTUNITY ACT (REGULATION B)

0
1. The authority citation for part 202 continues to read as follows:

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


0
2. Appendix A is amended by removing the fourth paragraph and adding a 
new paragraph in its place to read as follows:

Appendix A to Part 202--Federal Enforcement Agencies

* * * * *
    Nonmember Insured Banks and Insured State Branches of Foreign 
Banks: FDIC Consumer Response Center, 1100 Walnut Street, Box 
11, Kansas City, MO 64106.
* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, May 25, 2011.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2011-13430 Filed 5-31-11; 8:45 am]
BILLING CODE 6210-01-P