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Submission process: Inside the CFPB’s HMDA proposal (pt. 4)
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The Consumer Financial Protection Bureau recently proposed a long-expected rule that would implement Dodd-Frank provisions expanding the current Home Mortgage Disclosure Act data set. The 573-page proposal, released July 25, also discusses new tools aimed at making the HMDA data submission process more efficient. Read on to learn about some of the ideas the CFPB discussed.
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