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LGBT individuals who seek credit transactions may soon be able to do so
without fear of discrimination based on their sexual orientation or
gender identity.
Last week the U.S. Department of Housing and Urban Development (HUD)
proposed new regulations to prohibit lenders from using a borrower's
sexual orientation or gender identity to determine their eligibility
for HUD's core housing programs, including Federal Housing
Administration-insured mortgage financing.
Rep. Steve Israel, D-N.Y., has announced his support for the
proposed rule, and plans to re-introduce a bill he introduced last
Congress to act on the issue and other issues in gaining access to
credit. Israel's Freedom from Discrimination in Credit Act closes the
gaps in the current law to prohibit discrimination in all credit
transactions on the basis of sexual orientation and gender identity.
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