CFPB: We’re working to make new HMDA implementation easier

Realtors and mortgage bankers say they’ll lobby Congress and the CFPB to soften the rule’s strict limits on fees and borrower debt limits in an effort to increase lending. “We’re going to. The CFPB.

Sen. Mike Lee on the showdown over the CFPB WASHINGTON, D.C. – CFPB Highlights June 11th marks the first six months of Director Kathleen L. Kraninger leading the Consumer Financial Protection Bureau. "It is an honor and privilege to serve American consumers. As Director, my focus is to prevent harm to consumers by using all the tools congress gave us, including education, regulation, supervision and enforcement.

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 · The CFPB, under former director richard cordray, hit Nationstar Mortgage last year with a $1.75 million fine for inaccuracies in its HMDA reporting. The carve-out may also provide a shield to small banks from being called out for discrimination based on data sets with limited sample sizes.

The Consumer Financial Protection Bureau (CFPB) announced on Tuesday that it will seek public opinion on how to streamline regulations. implementation of the dodd-frank wall street Reform and.

I’m not sure if he’ll read it-I’m not sure St. Nick ever read my letters as a kid-but I’m hoping that somehow, by some holiday magic, someone at the CFPB will see it and consider some changes that.

 · CFPB proposes off-balanced approach to public disclosure of HMDA data. HMDA requires the modification of data released to the public “for the purpose of protecting the privacy interests of mortgage applicants.” Currently, before disclosing application-level data, institutions remove the application or loan number,

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Brown said, "Reducing HMDA reporting will make it easier for lenders to discriminate against people of color, and it will reduce access to credit in small towns and rural areas." He also asked the CFPB to reverse its decision to retire HMDA Explorer, which he said has "made it easier for local organizations without sophisticated data.