The Federal Reserve Board's controversial proposal to let lenders record the race and gender of all potential borrowers has bankers circling the wagons -- again.

But the industry's continued opposition is not expected to deter the central bank, which has been trying since 1995 to end Regulation B's ban on such data collection. "They have already determined to go ahead with it," said Nessa Feddis, senior federal counsel at the American Bankers Association. Though the timing is uncertain, most observers expect that the Fed's board of governors will lift the ban in a vote in early spring.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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