Performance of commonly used Hearing aid systems is degraded by the presence of acoustic feedback between loudspeaker and microphone. Prediction Error Method Adaptive Feedback Canceller (PEM-AFC) has been proposed recently that could attenuate the feedback effect. In this paper, we present a new delayless frequency-based sub-band filtering method for alleviating the effect of feedback path for the Hearing aid systems. The proposed method avoids sub-band distortions and has low computational complexity making it suitable for low-power cost-effective hearing aid system designs. Performances of the two methods are compared and simulation results are presented.