Equal Credit Opportunity, 55020 [E7-19136]

Download as PDF 55020 Federal Register / Vol. 72, No. 188 / Friday, September 28, 2007 / Rules and Regulations 452–3946. For the users of Telecommunications Device for the Deaf (‘‘TDD’’) only, contact (202) 263–4869. I Appendix A to Part 202—Federal Enforcement Agencies [Regulation B; Docket No. R–1295] 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 action. 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. The Board is establishing a centralized address and telephone number for receiving inquiries about creditors for which the Board enforces Regulation B. This amendment updates the address in Appendix A to reflect this change. Creditors have until October 1, 2008, the mandatory compliance date, to include the new address and telephone number on their adverse action notices. Equal Credit Opportunity 12 CFR Chapter II Board of Governors of the Federal Reserve System. ACTION: Final Rule; Conforming references. List of Subjects in 12 CFR Part 202 problems in accessing the documents located in ADAMS, contact the PDR Reference staff at 1–800–397–4209, 301– 415–4737. FOR FURTHER INFORMATION CONTACT: Cindy K. Bladey, Office of Administration, U.S. Nuclear Regulatory Commission, Washington, DC 20555, telephone (301) 415–6978 (e-mail: cxb6@nrc.gov). On August 10, 2007, (72 FR 44951), the NRC published a direct final rule amending its regulations in 10 CFR parts 2 and 171 to revise the size standards it uses to qualify an NRC licensee as a small entity under the Regulatory Flexibility Act. This amendment increases the receipts-based small business size standard from $5 million to $6.5 million. In the direct final rule, NRC stated that if no significant adverse comments were received, the direct final rule would become final on October 24, 2007. The NRC did not receive any comments that warranted withdrawal of the direct final rule. Therefore, this rule will become effective as scheduled. SUPPLEMENTARY INFORMATION: Dated at Rockville, Maryland, this 21st day of September, 2007. For the Nuclear Regulatory Commission. Michael T. Lesar, Chief, Rulemaking, Directives and Editing Branch, Division of Administrative Services, Office of Administration. [FR Doc. E7–19255 Filed 9–27–07; 8:45 am] BILLING CODE 7590–01–P FEDERAL RESERVE SYSTEM 12 CFR Part 202 rwilkins on PROD1PC63 with RULES AGENCY: 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 Reserve System administers compliance with the regulation. DATES: Effective Date: October 29, 2007. Compliance is optional until October 1, 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) VerDate Aug<31>2005 18:21 Sep 27, 2007 Jkt 211001 SUPPLEMENTARY INFORMATION: 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: I PART 202—EQUAL CREDIT OPPORTUNITY ACT (REGULATION B) 1. The authority citation for part 202 continues to read as follows: I Authority: Section 15 U.S.C. 1691–1691f. PO 00000 Frm 00010 Fmt 4700 Sfmt 4700 2. Appendix A is amended by revising the following Federal Enforcement Agency address to read as follows: * * * * * 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, toll-free number: (888) 851–1920, fax number: (877) 888–2520, TDD number: (877) 766–8533. * * * * * By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, September 24, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–19136 Filed 9–27–07; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM 12 CFR Part 227 [Regulation AA; Docket No. R–1296] Unfair or Deceptive Acts or Practices Board of Governors of the Federal Reserve System. ACTION: Final rule; conforming references. AGENCY: SUMMARY: The Board is publishing amendments to Regulation AA (Unfair or Deceptive Acts or Practices) to update the address where consumer complaints regarding a state member bank may be sent. EFFECTIVE DATE: October 29, 2007. 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 Federal Trade Commission Act requires the Board to establish a separate division of consumer affairs to receive and take appropriate action upon complaints about unfair or deceptive acts or practices for banks under its jurisdiction. See 15 U.S.C. 57a(f). The procedures for submitting consumer complaints are contained in the Board’s Regulation AA (12 CFR part 227). The regulation currently directs consumers E:\FR\FM\28SER1.SGM 28SER1

Agencies

[Federal Register Volume 72, Number 188 (Friday, September 28, 2007)]
[Rules and Regulations]
[Page 55020]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-19136]


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FEDERAL RESERVE SYSTEM

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; Conforming references.

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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 Reserve System 
administers compliance with the regulation.

DATES: Effective Date: October 29, 2007. Compliance is optional until 
October 1, 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 action. 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. The Board is establishing a centralized address and telephone 
number for receiving inquiries about creditors for which the Board 
enforces Regulation B. This amendment updates the address in Appendix A 
to reflect this change. Creditors have until October 1, 2008, the 
mandatory compliance date, to include the new address and telephone 
number on their adverse action notices.

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

0
For the reasons set forth in the preamble, the Board amends 12 CFR part 
202 to read as follows:

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 revising the following Federal Enforcement 
Agency address 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, toll-
free number: (888) 851-1920, fax number: (877) 888-2520, TDD number: 
(877) 766-8533.
* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, September 24, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-19136 Filed 9-27-07; 8:45 am]
BILLING CODE 6210-01-P
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