CFPB Releases HMDA Compliance Guide, Resources

The Consumer Financial Protection Bureau today released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C. The resources include a small entity compliance guide addressing the changes to the HMDA rule issued in October, instructions on data reporting and a “coverage chart” which helps institutions determine whether they are covered by Reg C.


About Author

Monica C. Meinert is a senior editor at the ABA Banking Journal and VP for editorial strategy at the American Bankers Association, where she oversees ABA Daily Newsbytes.