Fourth, the Federal Reserve supports efforts by other organizations to use the HMDA data to identify financial education and community development needs. The Federal Reserve also supports their efforts to respond to those needs. The Board’s decision to collect price information As I have said, it is a Board regulation, adopted under authority of HMDA, that requires lenders to disclose loan-price data.
I will now provide some background on the Board’s decision to amend that regulation to include price data. Advances in information processing technology have expanded access to credit and homeownership opportunities for consumers.