CFPB ponders how well HMDA captures discrimination
Housing Wire
NOVEMBER 19, 2021
The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The evaluation of rules implementing the Home Mortgage Disclosure Act will support the CFPB in its efforts to maintain a “fair, competitive, and non-discriminatory mortgage market,” the watchdog agency said.
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