Tag Archives: HELOCs

CFPB Finalizes HMDA Technical Corrections, HELOC Reporting Threshold

The Consumer Financial Protection Bureau today issued a final rule making several technical corrections and clarifications to the expanded data collection under Regulation C, which implements the Home Mortgage Disclosure Act, as well as temporarily raising the threshold at which banks are required to report data on home equity lines of credit.

Read More »

ABA Compliance Center Inbox, January/February 2017

When Do I Need to Provide an Updated Closing Disclosure? Q: The TILA-RESPA integrated disclosures regulation set forth instances when a corrected closing disclosure and a restart of the three-business-day waiting period are required. Is re-disclosure required when there is a change to the loan amount that does not change the loan product, add a prepayment penalty or cause the APR ...

Read More »

Consumer Delinquencies Edge Up in Q3

Delinquencies in closed-end loans rose slightly in the third quarter of 2015 amid slower economic growth, according to the ABA Consumer Credit Delinquency Bulletin released today.

Read More »

Fed Survey: Economic Outlook Triggers Business Credit Tightening

Citing the economic outlook, bankers are showing signs of tightening credit for business loans while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.

Read More »