clauses in consumer financial product and service contracts like credit cards
and bank accounts prevent groups of people from taking companies to court for
harms that affect many people. Our new rule will help the many people who are
harmed together take action together.
Good afternoon and thank you. And let me thank all the groups represented here at the conference. You raise awareness about the need for fairness, honesty, and justice in business, housing, civic life, and economic development.
are seeking comment on our proposal to clarify, make technical corrections, and
minor changes to the data that financial institutions are required to collect
and report about their mortgage lending, which will improve the quality of
mortgage data available to the public.