Remarks by the Acting Comptroller of the Currency on Reducing Bias in Real Estate Appraisals

News Release 2021-66 | June 15, 2021

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today delivered remarks to raise awareness about the need to reduce bias in real estate appraisals, during an event on the subject hosted by the Consumer Financial Protection Bureau (CFPB). His comments highlighted the significant impact bias in appraisals has on minority families and how it contributes to a greater wealth gap between minority and majority populations.

Related Links

Media Contact

Bryan Hubbard
(202) 649-6870

IR Press

Share
Published by
IR Press
Tags: Appraisals

Recent Posts

U.S. Department of the Treasury’s Federal Insurance Office Launches New Partnership with the National Science Foundation on Terrorism and Catastrophic Cyber Risks

WASHINGTON – This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted…

3 days ago

IRS Direct File Pilot Exceeds Usage Goal, Receiving Positive User Ratings and Saving Taxpayers Money

140,803 Taxpayers Filed Their Taxes Directly with the IRS for Free as users claimed more…

3 days ago

Acting Comptroller Issues Statement on the FDIC’s Proposals Related to Change in Bank Control Act

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the…

3 days ago

Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…

4 days ago

U.S. Department of the Treasury, IRS Release Final Rules on Provision to Expand Reach of Clean Energy Tax Credits Through President Biden’s Investing in America Agenda

New Inflation Reduction Act Provision Broadens Access and Boosts Return on Clean Energy Tax CreditsWashington,…

4 days ago

Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Banking Roundtable in San Juan, Puerto Rico

As Prepared for DeliveryThank you all for coming together today for this important discussion. I am…

4 days ago