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Home » Store » Taxable » HMDA Experts Warn of New Fair Lending Suits, DOJ Enforcement

HMDA Experts Warn of New Fair Lending Suits, DOJ Enforcement

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New Home Mortgage Disclosure Act data could trigger a new wave of fair lending lawsuits next year, and possible increased scrutiny by the Department of Justice, compliance experts warn. The biggest threat comes from the new pricing data, as well as race and ethnicity information, which lenders are required to collect and report to regulators this year, experts said. The new requirements were the result of lobbying by consumer groups and the DOJ, they added. …
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