Items Tagged with 'HMDA proposed rule'

ARTICLES

  • CFPB proposes new HMDA rules

    New rules would increase reporting threshold for mortgages
    Last year, the Consumer Financial Protection Bureau relaxed some of the requirements for the data collection and reporting stipulated by the Home Mortgage Disclosure Act. Now, the CFPB is proposing to ease the HMDA reporting requirements even more. Click the headline for the full story.
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  • CFPB proposes HMDA changes for community banks and credit unions

    Seeks comments on the 100-loan threshold
    The Consumer Financial Protection Bureau released a proposed rule on Friday to reassess a section included in the Home Mortgage Disclosure Act that pertains to community banks and credit unions. Under the rule, financial institutions are generally required to report home-equity lines of credit if they made 100 such loans in each of the last two years. But now, the CFPB is questioning if it would be better to increase that threshold to 500 loans. Have thoughts on the matter? The CFPB is now accepting comment.
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