What's New? HMDA Relief
Tuesday, October 15, 2019 at 2:00PM
Banking Spectrum in Compliance, What's New

The Consumer Financial Protection Bureau issued a final rule providing relief for smaller institutions from the Home Mortgage Disclosure Act (HMDA) data collection and reporting requirements by extending until Jan. 1, 2022, the current temporary coverage threshold of 500 for open-end lines of credit. The Bureau said it would address permanent relief in a future rulemaking. To read the final rule click here. Read more about HMDA Rules in The Gold Book.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).
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