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Tag: HMDA
ABA Regulatory Compliance Inbox: If my bank reduces the amount of a customer’s HELOC, are we required to provide an adverse action notice?
And: Must banks include a printed version of their “HMDA Disclosure Statement” in their CRA public file?
ABA Regulatory Policy and Compliance Inbox: For HMDA reporting, should bank use calendar year of application or date of final action?
And it permissible for a bank to purchase an email list from a third party to send out email marketing ...
FFIEC issues 2023 guide to HMDA reporting
The Federal Financial Institutions Examination Council’s 2023 Guide to HMDA Reporting is now available for download. The 2023 guide focuses ...
ABA Regulatory and Compliance Inbox: Husbands, wives and proper HMDA reporting
And what qualifies as 'principal shareholders,' 'directors' and 'executive officers' under Regulation O?
Compliance for 2023: What does the future hold?
With uncertainty the rule, the best advice is to have banks’ change-management processes ready for whatever comes.
ABA, trade groups call for formal HMDA guidance
Lenders need assurances regarding legal and examination risk plus time for lenders to install or refine HMDA systems and achieve ...
CFPB: Enforcing new closed-end mortgage HMDA rules not currently high-priority
CFPB said banks may need time to implement or adjust policies, procedures, systems and operations to comply with reporting obligations.
Court overturns HMDA reporting threshold for small entities
A federal judge recently moved to vacate CFPB regulations that expanded the number of small-volume lenders deemed exempt from Home ...
Agencies release HMDA data for 2021
The share of mortgages originated by nonbanks continues to climb, accounting for 63.9% of home-purchase loans, up from 60.7% in ...
