Bloomberg News
FEAR NOT: Changes to HMDA reports will "improve the categories of information" yet "ease the operational and technological burdens on industry to comply with this law," CFPB Director Richard Cordray says.

Mortgage Data Rule Changes to Lighten Banks' Burden: CFPB's Cordray

Revisions to banks' duties under the Home Mortgage Disclosure Act are coming soon, and they are meant to "ease the operational and technological burdens" of banks, the head of the Consumer Financial Protection Bureau said.

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