How to gain more from operational risk management practices.
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CFPB adds two HMDA FAQs
- Are financial institutions required to report the credit score, DTI and CLTV relied on in making a credit decision when such data is not the dispositive factor?
- When income and property value are factors in the credit decision, though not the dispositive factor, should such data points be reported?
The answer to each question is "Yes" and is followed by an explanation.