Implementation of the Consumer Financial Protection Bureau’s 2015 Home Mortgage Disclosure Act rule resulted “astoundingly high” costs for creditors, the American Bankers Association said in a joint comment letter with the Bank Policy Institute, Consumer Bankers Association, Housing Policy Council and Mortgage Bankers Association today.
The Consumer Financial Protection Bureau today issued a final rule providing relief for smaller institutions from the Home Mortgage Disclosure Act data collection and reporting requirements by extending until Jan. 1, 2022, the current temporary coverage threshold of 500 for open-end lines of credit.
Banks want to expand safe and sound lending across the board and remain committed to enhancing the availability of credit to all qualified borrowers.
The Federal Financial Institutions Examination Council today released the 2018 Home Mortgage Disclosure Act data on mortgage lending transactions at 5,683 financial institutions.
In a comment letter to the Consumer Financial Protection Bureau this week, ABA expressed support for a recent proposal to provide relief for smaller institutions from the Home Mortgage Disclosure Act data collection and reporting requirements.
The Consumer Financial Protection Bureau today issued a proposal to provide relief for smaller institutions from the Home Mortgage Disclosure Act data collection and reporting requirements.
The Consumer Financial Protection Bureau today published Home Mortgage Disclosure Act modified loan application registers for approximately 5,400 financial institutions.
From HMDA to CRA and from fair lending to anti-money laundering, 2019 promises to be a busy year in the world of compliance.
…and more insights from ABA’s Compliance Center Inbox in the next issue of the ABA Banking Journal.