The Consumer Financial Protection Bureau (CFPB) has issued an interpretive and procedural rule to implement and clarify the requirements of section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act which amended the Home Mortgage Disclosure Act (HMDA).
The bureau also released updates to the Filing Instructions Guide (FIG) for HMDA data collected in 2018 to incorporate the Act as implemented and clarified by the rule issued Aug. 31.
Read on for further details of the rule.
TO READ THE FULL STORY
Cover Story: