The BCFP has updated its small entity compliance guide for HMDA to reflect changes in S. 2155 and the bureau’s August interpretive rule. CUNA has urged the bureau to move quickly in implementing the S. 2155 changes.
CUNA, in conjunction with the Bureau of Consumer Financial Protection, will host a free webinar Wednesday at 11 a.m. (ET) to discuss technical implementation of the August HMDA interpretive rule. Registration is open.
Rep. Tom Emmer (R-Minn.) released a bill Thursday that would delay the expanded data collection and reporting requirements under HMDA. CUNA supports the bill, which would provide regulatory relief for credit unions.
The Consumer Financial Protection Bureau finalized its temporary increase of the reporting threshold for home equity line of credit data required under the Home Mortgage Disclosure Act Thursday. CUNA strongly advocated for the increased threshold.
The CFPB released several new resources relating to HMDA implementation, including updating the preview of its “HMDA Platform” system, an online-only system designed to guide filers through the reporting process and through which they can file.