BOARD OF GOVERNORS
DIVISION OF CONSUMER
October 12, 2007
TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS AT EACH FEDERAL RESERVE BANK AND EACH DOMESTIC AND FOREIGN BANKING ORGANIZATION SUPERVISED BY THE FEDERAL RESERVE:
SUBJECT: Federal Reserve Address Change for Complaints - Affecting Regulations AA, B, and the Fair Housing Act
The Federal Reserve System's new center for centralizing the intake and administrative processing of consumer complaints and inquiries will be launched on November 16, 2007. As a result, all consumer complaints and inquiries will be directed to the new center, called Federal Reserve Consumer Help (FRCH). FRCH is housed in the Kansas City and Minneapolis Reserve Banks. The new address is:
Federal Reserve Consumer Help
Federal Register Notices were published on September 28, 2007, (72 FR 55020) regarding amendments to Regulations AA and B to update the Federal Reserve address to which consumer complaints regarding state member banks should be sent. For Regulation B, this change requires correcting the address on adverse action notices. The effective date of the address change to both Regulations is October 29, 2007; however, for Regulation B, compliance is optional until October 1, 2008.
In addition, the address for the new FRCH must be reflected on the Equal Housing Lending posters that are required under the Federal Housing Act (FHA) to be displayed in banking offices1. Banks may obtain copies of the poster from the Federal Reserve Board. Copies will be available on November 16, 2007, at no charge. Requests for the poster can be made by calling 202-452-3245 or by writing to: Board of Governors of the Federal Reserve System, Publications Fulfillment, MS-127, Washington, DC 20551. Banks may also reprint the posters themselves with the new FRCH address, or print the address on stickers to be placed over the Federal Reserve Board addresses on their existing posters.
For more information regarding the poster size or text, please refer to the March 20, 1989, Board Order, which is Transmittal 184 of the Federal Reserve Regulatory Service. The text of the poster is also provided as an attachment.
Please distribute this letter to the state member banks in your district. For further information, contact Paul Robin, Manager, Reserve Bank Oversight (202-452-3140) or Yvonne Cooper, Manager, Consumer Complaints (202-452-2633).
Notes:CA letters | 2007 Letters