housing mortgage disclosure act

More Thorough HMDA Reporting Will Help Detect Discrimination

HMDA requires most depository and non-depository financial institutions to report their mortgage lending activity and releases the data to the public. Recently, the Consumer Financial Protection Bureau (CFPB) issued new, proposed rules that would expand the reporting requirements of HMDA and promote greater transparency in the mortgage market. Woodstock submitted comments  today in support of these proposed rules.

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