New press release from CFPB today.
CFPB Proposes Rule to Improve Information About Access to Credit in the Mortgage Market
Bureau Aims to Simplify the Reporting Process for Financial Institutions
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to improve information reported about the residential mortgage market. The rule would shed more light on consumers’ access to mortgage credit by updating the reporting requirements of the Home Mortgage Disclosure Act (HMDA) regulations. The Bureau also aims to simplify the reporting process for financial institutions.
Read more – press release: http://www.consumerfinance.gov/newsroom/cfpb-proposes-rule-to-improve-information-about-access-to-credit-in-the-mortgage-market/?utm_source=newsletter&utm_medium=email&utm_campaign=20140724+regimp