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Senators propose HMDA delay, exemption
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Legislation
Thursday, June 15, 2017
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Shortly after introducing a bill proposing to exempt smaller financial institutions from reporting requirements under the new Home Mortgage Disclosure Act , Sens. Mike Rounds (R-S.D.) and Heidi Heitkamp (D-N.D.) wrote Consumer Financial Protection Bureau Director Richard Cordray urging him to delay HMDA’s effectiveness by one year. Read on to learn more about the bill, the letter and support for both.
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