Remarks by the Acting Comptroller of the Currency on Reducing Bias in Real Estate Appraisals
June 15, 2021 / Source: OCC
News Release 2021-66 | June 15, 2021
Remarks by the Acting Comptroller of the Currency on Reducing Bias in Real Estate Appraisals
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.