The Consumer Financial Protection Bureau (CFPB) expects to issue further guidance this summer on the Home Mortgage Disclosure Act (HMDA), as the bureau stated how changes in the Economic Growth, Regulatory Relief, and Consumer Protection Act apply to HMDA data collected in 2018.
On May 24, President Donald Trump signed the Act, which provides partial exemptions for some insured depository institutions and insured credit unions from certain HMDA requirements.
Read on to learn exactly what is – and isn’t – considered an exemption.
TO READ THE FULL STORY
Cover Story: