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Home » Store » Taxable » Lenders Again Reject Fed’s Plan to Expand HMDA, But Supporters Say It’s Worth the Cost

Lenders Again Reject Fed’s Plan to Expand HMDA, But Supporters Say It’s Worth the Cost

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As expected, a significant number of lending institutions opposed a Federal Reserve Board proposal to expand the collection of Home Mortgage Disclosure Act data to include loan level information. Predictably, consumer advocates threw their support behind the increased HMDA disclosures. At the close of the comment period on the proposed Regulation C changes on March 9, lenders and trade associations overwhelmingly rejected the proposals, saying they only would add to current regulatory burdens and raise
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