Cordray Seeks Expansion In HMDA Data Collection.

The article reports that Richard Cordray, director of the U.S. Consumer Financial Protection Bureau (CFPB) seeks expansion of the Home Mortgage Disclosure Act (HMDA) data collection. The HMDA was enacted by the Congress to increase public scrutiny of access to credit and residential mortgage lending. HMDA data contains information about the vast majority of mortgage loans in this country.