Compliance News: FHFA Outlines Plans for Language Access Support
The Federal Housing Finance Agency (FHFA) has issued a new “Language Access Multi-Year Plan”, promulgated steps to be taken to provide more support for consumers with limited English proficiency (“LEP”; see https://www.fhfa.gov/PolicyProgramsResearch/Policy/Pages/Language-Access.aspx?utm_medium=email&utm_source=govdelivery). Some of these steps include:
- Creation of an online “clearinghouse” containing various resources comprised of both GSE materials and “materials from other government agencies” to “assist lenders,
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