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.
The rule affects compliance, operations, IT, investors, and anyone else involved in the mortgage loan environment.
The rapid pace of change will continue in 2019, ABA policy staff project.
The Consumer Financial Protection Bureau has released its policy guidance describing the Home Mortgage Disclosure Act loan-level data it plans to publicly release in 2019.
In a comment letter last week, the American Bankers Association urged the Consumer Financial Protection Bureau to operate transparently in its collection and use of data and to adopt safeguards to ensure it does not order the production of data that is overly broad, voluminous or duplicative.
Newly sworn-in Consumer Financial Protection Bureau Director Kathy Kraninger will focus on data security and privacy in her early days in office, she said at a press briefing on her first day at the bureau this afternoon.