Bureau Takes Steps to Simplify the Reporting Process for Financial Institutions
WASHINGTON, D.C. —(ENEWSPF)–October 15, 2015. Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to improve information reported about the residential mortgage market. The rule will shed more light on consumers’ access to mortgage credit by updating the reporting requirements of the Home Mortgage Disclosure Act (HMDA) regulation. The Bureau is working with other federal agencies to streamline the reporting process for financial…
