The fair financing rules broadly prohibit two types of discrimination: disparate therapy and impact that is disparate.

The fair financing rules broadly prohibit two types of discrimination: disparate therapy and impact that is disparate.

Both theories may apply in some instances. Disparate therapy occurs whenever a lender treats a customer differently due to a protected attribute. Disparate therapy ranges from overt discrimination to more subdued variations in therapy that may harm customers and doesn’t have to be inspired by prejudice or even an intent that is conscious discriminate. The Federal Reserve has made many recommendations to your U.S. Department of Justice (DOJ) involving disparate treatment in rates where bank employees charged greater fees or rates of interest on loans to minorities than to comparably qualified nonminority customers. Nastavi čitati “The fair financing rules broadly prohibit two types of discrimination: disparate therapy and impact that is disparate.”