Fines up to 100% of compensation received during the time period in which the violations occurred or 1-3 years preceding their discovery, and imprisonment for up to five years for any executive officer or director of a board of any lender who causes such lender to engage in a pattern or practice of knowing and willful discrimination.Fines up to $100,000 or up to twenty years in prison for individuals who engage in a pattern or practice of knowing and willful discrimination.Fines up to $50,000 or one year in prison for knowing and willful individual violations.Imposing new criminal penalties for violations of ECOA, including:.Evidence of violations of ECOA would be referred to the Attorney General for appropriate legal actions and would be provided to Congress in the form of a comprehensive report.The Testing Office would engage in “mystery shopping”-style testing of lending institutions, using investigators posing as loan applicants to gather information on various institutions’ lending practices.Establishing an Office of Fair Lending Testing (Testing Office) within the Consumer Financial Protection Bureau (CFPB), headed by a Director appointed for five-year terms by the Director of the CFPB.Expanding the prohibited bases under ECOA to include the sexual orientation or gender identity of the applicant, as well as their zip code or census tract. The proposed bill would significantly revise the application and enforcement of the Equal Credit Opportunity Act (ECOA) and would further expand lenders’ collection and reporting obligations under the Home Mortgage Disclosure Act (HMDA). 166, titled the Fair Lending for All Act, a bill he previously introduced in 2019. On January 4, 2021, Representative Al Green of Texas, the Chairman of the Subcommittee on Oversight and Investigations for the House Financial Services Committee, re-introduced H.R.
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