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Supervisory Highlights cites ongoing RESPA, HMDA challenges
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According to the 12th edition of the bureau’s report, affiliated business activity and Home Mortgage Disclosure Act (HMDA) data reporting remain big challenges for companies in the mortgage origination industry, while other consumer financial industries are plagued by weak compliance management systems and inadequate consumer disclosures. Here’s a breakdown of the CFPB’s supervisory activities for the first quarter of this year.
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