CRA required banks to make loans to qualified borrowers in every neighborhood where banks take deposits, including low- and moderate-income neighborhoods. To be clear, CRA does not establish specific quotas for banks to lend or invest, but whatever business they do must be equitable and fair and also safe and sound.
Q. What is disparate treatment in lending?
Disparate treatment occurs when a lender treats a credit applicant differently based on one of the prohibited bases. It does not require any showing that the treatment was motivated by prejudice or a conscious intention to discriminate against a person beyond the difference in treatment itself.
Table of Contents
- Q. What is disparate treatment in lending?
- Q. What is the name of the practice which involves using underwriting practices for one group of consumers differently from others based on their personal characteristics?
- Q. What is the Equal Employment Opportunity Act and who does it protect?
- Q. What are the laws concerning equal opportunity for employment?
- Q. What are the basic principles of equal employment opportunity?
- Q. What are the 3 basic areas of EEO?
- Q. What does EEO mean?
- Q. What is the role of an EEO officer?
Q. What is the name of the practice which involves using underwriting practices for one group of consumers differently from others based on their personal characteristics?
Disparate treatment occurs when a lender treats applicants differently. This may occur based on our unconscious biases about people or situations, or done as a pattern of practice.
Q. What is the Equal Employment Opportunity Act and who does it protect?
The legislation protects people from discrimination on the basis of their individual attributes in certain areas of public life, and provides redress for people who have been discriminated against. It also aims to eliminate, as far as possible, discrimination, sexual harassment and victimisation.
Q. What are the laws concerning equal opportunity for employment?
Lesson Summary Equal employment opportunity is a government policy that requires that employers do not discriminate against employees and job applicants based upon certain characteristics, such as age, race, color, creed, sex, religion, and disability.
Q. What are the basic principles of equal employment opportunity?
Equal Employment Opportunity (EEO) is the principle that everyone can have equal access to employment opportunities based on merit, without fear of discrimination or harassment.
Q. What are the 3 basic areas of EEO?
EEO in New South Wales This legislation prohibits discrimination, among other things, on the grounds of race, work status, gender identity and sexual orientation.
Q. What does EEO mean?
Equal employment opportunity (EEO) is advantageous for both individuals and the organisations for which they work.
Q. What is the role of an EEO officer?
The EEO Officer advises staff and management in the development, implementation, and maintenance of discrimination-free policies, procedures and practices, and ensures a work environment free from discrimination for all applicants and employees, including volunteers, students and interns.
