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7/25/24, 9:25 AM FRB: Press Release -- Revisions to Regulation B published -- December 11, 1997 Release Date: December 11, 1997 For immediate release The Federal Reserve Board today announced publication of revised regulations under the Equal Credit Opportunity Act, Regulation B, to implement legislation creating a legal privilege for the results of "self-tests" that creditors voluntarily conduct to determine the level of their compliance with the Act. The Department of Housing and Urban Development is issuing a substantially similar regulation under the Fair Housing Act. The revisions are effective January 30, 1998. The self-testing privilege applies only if the creditor takes appropriate corrective action to address possible discrimination found in the self-test. Summary only | Summary and proposed rule (69 KB PDF) 1997 Banking and consumer regulatory policy Home | News and events Accessibility Last update: December 19, 1997, 11:00 AM https://www.federalreserve.gov/boarddocs/press/boardacts/1997/19971211/ 1/1