CFPB turns its reg relief focus to HMDA

New Government Monitoring Information (GMI) Demographic fields. On September 28, 2016 the CFPB issued a notice detailing its approval of the use of the new 2016 uniform residential loan application (urla) for the expanded collection of information relating to ethnicity and race under the Home Mortgage Disclosure Act (HMDA).

"We thank the CFPB for responding to continued credit union and small lender engagement on this matter and for issuing a proposal to provide some relief from HMDA requirements," said CUNA President/CEO Jim Nussle. "The HMDA rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct.

The Consumer Financial Protection Bureau (CFPB) proposed Friday to temporarily relax the scope of upcoming changes to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), by raising one threshold for HMDA reporting. Under Regulation C amendments previously finalized and scheduled to take effect in 2018, HMDA reporting requirements would apply to any financial institution.

 · CFPB Monthly Report Returns its Focus to Debt Collection The CFPB issued its monthly report of consumer complaints and the focus was back to debt collection. The Report is a high level snapshot of trends in consumer complaints and provides a summary of the volume of complaints by product category, by company and by state.

CFPB turns its reg relief focus to HMDA The Consumer Financial protection bureau proposed steps thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days after the agency announced it was eliminating an online platform for analyzing raw HMDA data.

At CUNA’s urging, both Members of Congress and the National Credit Union Administration have also urged the CFPB to make changes to its HMDA rule.

9 fair lending report of the consumer financial protection bureau, april 2014 The CFPB has made substantial progress in its fair lending work since our last report. 6 The Bureau continues to sharpen its focus and commit resources to those institutions, products, and

Democrats won’t let CFPB Director Cordray go without a fight January 11, CFPB turns its reg relief focus to HMDA. Stearns Lending buys mortgage production channels from Primary Capital Mortgage. Banks team with fintechs to bring AI to commercial accounting. Recent Posts.

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