Comments on proposals on Home Mortgage Disclosure Act reporting thresholds, loans and lines of credit to members and remittances are due in the month of June. A complete list of upcoming deadlines can be found on CUNA’s advocacy action page.
The Consumer Financial Protection Bureau’s (CFPB) HMDA proposal contains two alternatives to amend Regulation C to increase the threshold for reporting data about closed-end mortgage loans so that institutions originating fewer than either 50 closed-end mortgage loans, or alternatively 100 closed-end mortgage loans, in either of the two preceding calendar years would not have to report such data as of Jan. 1, 2020.
It would also adjust the threshold for reporting data about open-end lines of credit by extending to January 1, 2022, the current temporary threshold of 500 open-end lines of credit and setting the threshold at 200 open-end lines of credit upon the expiration of the proposed extension of the temporary threshold.
Comments are due June 12.
Other comment deadlines this month include: