Legal Political and Ethical Dimensions of Business
1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). How will this proposed regulation affect you or the business in which you are working? Provide the URL to the website where the regulation change proposal is located. (Check your URL to be sure it takes the reader to the actual regulation). (10 points) The regulation that I found most appealing was titled Minority and Women Inclusion. This proposed regulation would mandate Federal Housing Finance Agency, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Home Loan Banks to encourage and endorse diversity and the inclusion of women and minorities in all activities. This proposed regulation has been introduced and controlled by Federal Housing Finance Agency. The aforementioned proposed regulation interests me because I am a minority and I will be attempting to purchase a house in the next couple of years. I know from living in an area that is populated by predominately minorities that most of us know little to nothing about purchasing a house. Many minorities feel disenfranchised by bank and finical institutions of that sort. By targeting and appealing to minorities and women in their activities these institutions will help to increase education on the home buy process. The proposed regulation will affect me and millions of other individuals in this country. It will not only promote the education of the home buyer process but hopefully empower more minorities and women to purchase houses. Also if included in the correct activities and presented with the right information this regulation could decrease the amount of minorities and women who lose their house due to mortgage issues. This information was retrieve from:...
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