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Andrea K. Mitchell quoted in American Banker article, “Will HMDA data carve-out for small banks make discrimination easier?”

American Banker

Andrea K. Mitchell

Andrea K. Mitchell was quoted on March 13, 2018 in an American Banker article, “Will HMDA data carve-out for small banks make discrimination easier?” which discussed the Senate bill that seeks to exempt banks and credit unions from reporting expanded data as required by the Home Mortgage Disclosure Act (HMDA). In addition, the article discussed the cases in which these banks will be expected to provide expanded reporting under the bill. The article stated, “ Earlier this month the legislation’s sponsors added language that small banks that receive poor grades on two consecutive Community Reinvestment Act exams will be subject to the expanded reporting. The bill also mandates a study after two years to evaluate the impact that the exemptions have had on HMDA data.”

Mitchell noted, “This is only a safety net for banks that are good actors. It's not a shield for lenders to hide behind so they can potentially engage in bad conduct.”

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