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Home » Store » News » See How New HMDA Data Fit into Other Responsibilities, Fed Warns

See How New HMDA Data Fit into Other Responsibilities, Fed Warns

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Mortgage lenders must figure out how the new loan pricing data to be reported under revised Home Mortgage Disclosure Act rules will mesh with compliance with the Community Reinvestment Act and fair lending laws, said a senior official with the Federal Reserve Board. Glenn Canner, a senior advisor at the Fed, urged retail bankers at a recent CRA conference hosted in Washington by the Consumer Bankers Association, to prepare for the “new experience.
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