Posts Tagged ‘HMDA’

CFPB raises HMDA, Reg Z thresholds for 2023

CFPB raises HMDA, Reg Z thresholds for 2023

The CFPB has finalized annual changes to asset-size exemption thresholds under the Home Mortgage Disclosure Act (HMDA) and Regulation Z based on the 8.6 percent increase in the average of the Consumer Price Index [...]

Sudden HMDA rule changes require reasonable transition period

Sudden HMDA rule changes require reasonable transition period

Credit unions and other financial institutions need a reasonable transition period to comply with sudden changes in the 2020 Home Mortgage Disclosure Act (HMDA) final rule, CUNA and other trades wrote to Federal Financial Institution [...]

HMDA thresholds continued: The partial exemption

HMDA thresholds continued: The partial exemption

Recently we blogged about the Home Mortgage Disclosure Act (HDMA) and the reporting thresholds found in Regulation C. Today, we’ll focus on another set of thresholds in Regulation C – those which determine whether a [...]

Untangling the HMDA thresholds

Untangling the HMDA thresholds

For credit union compliance professionals, February means that the annual Home Mortgage Disclosure Act (HMDA) reporting deadline is approaching. As we creep closer to the reporting deadline, the NAFCU compliance team often receives questions regarding [...]

Compliance: NCUA alerts cover 2021-22 HMDA requirements

Compliance: NCUA alerts cover 2021-22 HMDA requirements

NCUA issued two Regulatory Alerts on credit union requirements for submission of Home Mortgage Disclosure Act (HMDA) data. One (22-RA-02) covers submission of 2021 HMDA data, which is due to NCUA by March 1. Credit [...]

Sound practices for effective HMDA compliance

Sound practices for effective HMDA compliance

Last week, the Federal Reserve System published the latest edition of the Consumer Compliance Outlook. This issue includes an article entitled HMDA Data Collection and Reporting: Keys to an Effective Program, which outlines, among other [...]

CFPB finalizes closed-end, open-end HMDA reporting thresholds

CFPB finalizes closed-end, open-end HMDA reporting thresholds

The Consumer Financial Protection Bureau (CFPB) Thursday finalized its Home Mortgage Disclosure Act (HMDA) rule permanently increasing the threshold for collecting and reporting data on closed-end mortgages and open-end lines of credit. Specifically, the final [...]

Compliance: HMDA data due to CFPB by March 2

Compliance: HMDA data due to CFPB by March 2

NCUA’s latest Letter to Credit Unions (20-03) outlines submission of 2019 Home Mortgage Disclosure Act (HMDA) data. Credit unions located in metropolitan areas that engage in certain types and volume of residential mortgage lending, [...]

CFPB updates HMDA Small Entity Compliance Guide

CFPB updates HMDA Small Entity Compliance Guide

Happy Hump Day and Happy Puzzle Day! Let’s celebrate by piecing together the partial exemptions of HMDA, using some updated guidance to help. Last week, the CFPB released an updated version of its Home [...]

HMDA: The 2020 edition

HMDA: The 2020 edition

Is anyone else watching Elf and reading the new HMDA and Regulation C rules? Just me?! The Home Mortgage Disclosure Act (HMDA) requires credit unions to disclose certain information regarding loans originated or purchased by [...]

ICYMI: NCUA’s recent HMDA observations

ICYMI: NCUA’s recent HMDA observations

Greetings Compliance Friends! In case you missed it, NCUA addressed its Home Mortgage Disclosure Act (HMDA) review observations in the Federal Reserve’s recent 2019 Fair Lending Interagency Webinar.  In the webinar, NCUA provided a [...]

HMDA changes could reduce costs for 1,500 credit unions

HMDA changes could reduce costs for 1,500 credit unions

CUNA recommended additional amendments to the Consumer Financial Protection Bureau’s (CFPB) Home Mortgage Disclosure Act (HMDA) transaction coverage thresholds that would further relieve unnecessary burdens for credit unions. CUNA filed an initial comment letter [...]

Hope is alive!

Hope is alive!

Advocacy is a process, not an event; a marathon, not a sprint. For credit unions, advocacy is about revolutionizing the operating environment for credit unions, not merely putting up points for the sake of a [...]

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