Senators to CFPB: Don’t You Dare Scale Back HMDA Data Collection
Hopes that HMDA data collection points might be scaled back from scheduled expansion may have just taken a hit. Several members of the Senate Banking Committee wrote that they were “deeply troubled” by the CFPB’s announcement that it would “reopen the 2015 HMDA rule before the new data points had even been collected,” and urged the Bureau to “follow the intent of Congress and maintain collection of all data points added by the 2015 final rule." [11/1/19]
