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Lenders sound off on CFPB HMDA proposal (Pt. 1)
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Consumer Protection
Tuesday, November 4, 2014
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Groups representing mortgage lenders of all sizes urged the Consumer Financial Protection Bureau to make numerous substantive changes to a sweeping proposal that would expand the Home Mortgage Disclosure Act data set. Comments on the bureau’s 573-page proposal were due at the end of October, and industry commenters voiced concern regarding a range of issues including consumer privacy, regulatory burden and the scope of HMDA coverage.
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