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Regulation C, implemented under the Home Mortgage Disclosure Act (HMDA), primarily aims to promote transparency in mortgage lending. It requires financial institutions to collect and disclose data about their mortgage lending activities, including information on loan applications, approvals, and denials. This data helps regulators and the public assess how well lenders serve the housing needs of their communities and identify potential discriminatory lending practices. Ultimately, Regulation C enhances accountability and promotes fair lending practices.

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