WASHINGTON -- The Federal Deposit Insurance Corp. has tabled a proposal to test banks for lending discrimination by hiring undercover testers to pose as mortgage applicants.

The lack of a permanent chairman and a decision to focus on other fair-lending initiatives prompted the FDIC to put the project on hold, agency officials said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.