CFPB turns its reg relief focus to HMDA

The Bureau of Consumer Financial Protection (Bureau) is amending Regulation C to make technical corrections to and to clarify certain requirements adopted by the Bureau’s Home Mortgage Disclosure (Regulation C) final rule (2015 HMDA Final Rule or the Final Rule), which was published in the Federal Register on Oct. 28, 2015.

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Trump calls its regulations "horrendous," and says they’ve kept. have said they’ll work on a smaller plan that would focus on housing finance reform and relief for community banks. The top.

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Five things every credit union needs to know about new HMDA rules. More from Credit Union Journal. CFPB extends comment period for HMDA proposal. Proposed HMDA changes could offer ‘broad-based relief’ to credit unions. May 10 CFPB turns its reg relief focus to HMDA. May 2 CFPB details what.

The noble objectives of the Home Mortgage Disclosure Act (HMDA) and its mortgage reporting requirements should be balanced by an appropriately tailored regulation, CUNA wrote to the Consumer Financial Protection Bureau (CFPB) Tuesday. The CFPB proposed increasing the HMDA reporting thresholds for closed-end mortgages to 50 or 100 loans (up from the current 25) and extending the current.

The Consumer Financial Protection bureau (cfpb) plans to further relax its Home Mortgage Disclosure Act (HMDA) rules and may be making additional rule changes in the near future. Earlier this month, the bureau issued a notice stating that it was considering raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans and [.]

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Residential: CFPB’s proposed HMDA reform will provide relief to smaller lenders In a wave of announcements earlier this month, the Consumer Financial Protection Bureau (CFPB) outlined its plan to tackle Home Mortgage Disclosure Act (HMDA) reform.

"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.

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But there is some relief on the horizon as HMDA enforcement was just defanged by the now Trump-led regulators.. HMDA enforcement defanged by Trump-led regulators. CFPB must end regulation by.