Senator Warren criticizes discrimination data-gathering provision in Dodd-Frank reform bill

Massachusetts Senator Elizabeth Warren says of and antidiscrimination section of the banking bill that using data complying with the Home Mortgage Disclosure Act requiring financial institutions to tell the public and the Consumer Financial Protection Bureau who they were leading to, at what rates and at what terms would get a sledgehammer by exempting 85 percent of banks from reporting that data, meaning there would be no ability to monitor whether people were being cheated because of race or gender because lending discrimination is real.