Much Bluster, But Little Action, Surround Capitol Hill Hearing on HMDA Pricing Data
June 15, 2006
Are federal regulators and mortgage industry officials doing enough to ferret out discrimination in the mortgage market and punish – and make examples of – the offending lenders? House Democrats don’t think so. “I do not see on the part of the financial services industry or the regulators the kind of urgency that many of us here feel on this issue,” said Rep. Barney Frank, D-MA, in remarks at a hearing this week on price…