Tag Archives: HMDA

CFPB Harmonizes Regs B and C

The Consumer Financial Protection Bureau today modified the Equal Credit Opportunity Act (Regulation B) to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C).

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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.

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Trade Associations Urge CFPB to Extend HMDA Implementation

Together with four other finance and housing trade associations today, the American Bankers Association wrote to the Consumer Financial Protection Bureau to request a delay of the new Home Mortgage Disclosure Act’s mandatory data collection requirements which are set to take effect Jan. 1, 2018.

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