FDIC to Examine Property Appraisal Bias

As a part of its supervision of fair lending practices, the Federal Deposit Insurance Corporation (FDIC) will expand its examination process of property appraisals, to detect and root out racial bias in appraisals, following on the interagency Property Appraisal and Valuation Equity (PAVE) task force recommendations released in March of 2022. The FDIC plans to analyze banks’ compliance management systems as well as work to develop a new training system for its bank examiners to identify potential biases in appraisals.

Read More