Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold
CFPB Monitor
OCTOBER 3, 2022
The court noted the plaintiffs asserted “that HMDA data have been invaluable in ‘uncovering and addressing redlining, fair lending violations, and other inequitable lending practices’ over the decades.” Additionally, prior to that rule, the reporting of open-end lines of credit was optional, so there was no reporting trigger. .
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