The Consumer Financial Protection Bureau (CFPB) has issued a rule which finalizes certain aspects of its May Notice of Proposed Rulemaking (NPRM) under the Home Mortgage Disclosure Act (HMDA).
It extends the current temporary threshold for collecting and reporting data about open-end lines of credit under HMDA and clarifies partial exemptions from certain HMDA requirements.
Read on for more details from the CFPB’s final HMDA rule.
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