Reps. Randy Hultgren (R-Ill.) and Andy Barr (R-Ky.) recently reintroduced H.R. 2204, also known as the “Homeowner Information Privacy Protection Act” (HIPPA), which proposes to direct the Comptroller General to examine the impact new HMDA requirements would have on consumers.
The move comes shortly after the American Bankers Association suggested in a letter to the Treasury Department that the HMDA rule should be delayed, and that aspects of its requirements under the Dodd-Frank Act should be repealed by Congress.
Read on to learn what H.R. 2204 proposes to do and what trade organization has expressed support.