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Comments are due on Oct. 22, 2014.
The CFPB says the proposed rule would improve information reported about the residential mortgage market, according to a statement.
It would also “shed more light on consumers’ access to mortgage credit by updating the reporting requirements of the Home Mortgage Disclosure Act (HMDA) regulations. The Bureau also aims to simplify the reporting process for financial institutions.”
LATEST POLICYWORKS NEWSLETTER
updated 06/21/16 08:04 AM
CFPB Adjusts Annual Thresholds
The latest PolicyWorks Newsletter is now available. Please check your email, or click here to access the PolicyWorks newsletter using your email address and League members-only password.
REGULATORY CHECKLIST TOOLS
updated 06/14/16 07:04 AM
Plus, eRegulations Updates Webinar
The Credit Union National Association (CUNA) has issued two compliance checklist tools to assist credit unions in their regulatory compliance efforts.