WASHINGTON—Small banks and credit unions could get a break on providing mortgage data to the government under a plan released Thursday, reducing the amount of borrower information collected under a law aimed at preventing lending discrimination.
The Consumer Financial Protection Bureau said it would propose changes to rules dating from a 1970s law that requires lenders to gather and report data on their mortgage loans and applicants, including the loan amount and the borrower’s income, race and gender.
Lolol...didn’t we do this already, with a little twist?
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