CFPB’s Mulvaney Plots HMDA Rollback, But it May Not Matter
National Mortgage News, May 25, 2018–Kate Berry (subscription)
On the one hand, acting Consumer Financial Protection Bureau Mick Mulvaney’s comments that he wants to ease Home Mortgage Disclosure Act requirements imposed by his predecessor is welcome news. But on the other, more data helps lenders know how they stack up to the competition, and lenders may end up collecting the data anyway.
