United States:
CFPB Issues Final HMDA Rule To Provide Relief To Smaller Institutions
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On October 10, the Consumer Financial Protection
Bureau (CFPB) issued a rule which
finalizes certain aspects of its May 2019 Notice of Proposed
Rulemaking under the Home Mortgage Disclosure Act
(HDMA). It extends for two years the current
temporary threshold for collecting and reporting data about
open-end lines of credit under the HDMA. The rule also clarifies
partial exemptions from certain HMDA requirements which Congress
added in the EGRRCPA. Release.
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