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Volume 3, Issue 2, 2003   Federal Reserve Bank of Dallas


The Federal Reserve, HUD and the Federal Trade Commission, among others, implement regulations that address many abusive lending practices.

  • Equal Credit Opportunity Act—Prohibits lenders from discriminating against credit applicants, establishes guidelines for gathering and evaluating credit information, and requires written notice when credit is denied. Read more Off-site page
  • Fair Credit Reporting Act—Ensures accuracy and fairness of credit reporting. Read more Off-site page
  • Home Ownership and Equity Protection Act—Imposes additional disclosure requirements and substantive limitations (for example, restrictions on short-term balloon notes) on home equity loans with rates or fees above a certain percentage or amount. Read more PDF document
  • Home Mortgage Disclosure Act—Requires certain mortgage lenders to disclose data regarding their lending patterns. Read more Off-site page
  • Real Estate Settlement Procedures Act—Requires that consumers receive disclosures at various times in the transaction and outlaws kickbacks that raise the cost of settlement services. Read more Off-site page
  • Truth-in-Lending Act—Prescribes uniform methods for computing credit costs, disclosing credit terms and resolving errors on certain types of credit accounts. Read more Off-site page

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e-Perspectives, Volume 3, Issue 2, 2003

Federal Reserve Bank of Dallas Off-site page
Community Development Office Send an e-mail
P.O. Box 655906, Dallas, Texas 75265-5906
Gloria Vasquez Brown Send an e-mail
Vice President
    Jackie Hoyer Send an e-mail
Houston Branch
Senior Community Development Advisor
Diana Mendoza
Community Development Specialist
    Karen Riley
Community Development Specialist
Jason Sweat
Community Development Specialist
The views expressed are the authors' and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System. Articles may be reprinted on the condition that the source is credited and a copy is provided to the Community Development Office.

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