The CFPB noted the importance of HMDA during the general session of the CUNA GAC 2016 Conference in Washington, DC. The text of the speech can be downloaded from this site.
This statement is worth noting in the text of the speech:
“HMDA is meant to give the public and policymakers information about how lenders are serving the housing needs of their communities. It helps lenders understand their local markets. It gives public officials information to guide policy decisions. And it reveals lending patterns that could be discriminatory.”