GAO Report Critical of Agencies’ Enforcement of Fair Lending Laws
August 17, 2009
Lack of Home Mortgage Disclosure Act data is making it harder for federal regulators to assess lender compliance with fair lending laws, according to a new report by the Government Accountability Office. The GAO report also blamed non-bank lenders and the fragmented financial regulatory restructure for the difficulties in overseeing and enforcing fair lending laws...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
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