The 2010 law stripped that shield, and the Trump administration lacks the power to restore it completely. And the Trump administration could significantly reduce the value of the new data by tinkering with the details of the reporting requirements. A proposal to exempt loans to limited liability companies, for example, would shield a large chunk of the mortgage lending for multifamily housing. “Instead, you have used the bureau to serve the wishes of the most powerful financial companies in America." Then, in 2018, a federal judge set aside the rule and the Trump administration embraced the decision.

Source: New York Times May 23, 2019 00:11 UTC