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For Release: May 11, 2009
FTC Alleges That Mortgage Lender Charged Hispanics Higher Prices for LoansThe Federal Trade Commission has charged a home mortgage lender and its owner with violating federal law by charging Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers – price disparities that cannot be explained by the applicants’ credit characteristics or underwriting risk.
For Your Information: May 11, 2009
Commission Submits FY 2010 Budget Request and GPRA Performance Plans to Congress; Commission Seeks Public Comments on Agency’s Negative Option RuleBudget request and GPRA Performance Plans submission to Congress: The Commission has approved the FTC’s FY 2010 Budget Overview Statement and the Government Performance and Results Act (GPRA) Performance Plans for FY 2009 and FY 2010. The Commission is seeking public comment on its Rule Concerning the Use of Prenotification Negative Option Plans (Negative Option Rule), 16 C.F.R. Part 425, as part of the agency’s systematic review of its rules and guides.