The Consumer Financial Protection Bureau today announced updates to its rulemaking agenda for 2019. Significantly, the bureau said that it is considering initiating a rulemaking or issuing guidance to address the interplay between Regulation Z and requirements under the Electronic Signatures in Global and National Commerce Act.
In a comment letter to the Consumer Financial Protection Bureau this week, ABA urged the bureau to consider raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans to 250.
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.