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.
ABA President and CEO Rob Nichols, along with senior ABA staff, discussed key issues and regulatory concerns in a roundtable meeting with new CFPB Director Kathy Kraninger and key members of her staff on Thursday. Representatives from the Independent Community Bankers Association and two national credit union trade groups also participated. Participants discussed industry concerns about
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.