Tag Archives: HMDA

CFPB Will Not Assess Penalties for 2018 HMDA Data Submissions

In a major win for the industry, the Consumer Financial Protection Bureau announced today that it will not assess penalties with respect to errors in Home Mortgage Disclosure Act data collected in 2018 and reported in 2019, and will not require banks to resubmit data for that period unless errors are found to be material.

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Fed Repeals Reg C, Proposes Reg M Changes

The Federal Reserve today issued a final rule repealing its Regulation C (Home Mortgage Disclosure Act), which has been superseded by final rules issued by the Consumer Financial Protection Bureau.

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