Tag Archives: HMDA

New HMDA Tools

house.1jpgThe Consumer Financial Protection Bureau (CFPB) has made available a second webinar on the 2015 HMDA final rule (which in large part becomes effective Jan. 1, 2018) that discusses identifiers, as well as other data points including those related to applicants and borrowers. The webinar is pre-recorded and can be viewed on-demand on YouTube here.

In addition, the CFPB has created and made available on its website a chart to illustrate the options a financial institution has for collecting and reporting ethnicity and race information under current Regulation C, Regulation C effective Jan. 1, 2018, and the CFPB’s Official Approval Notice (issued on Sept. 23, 2016). The new one-page chart, titled “Collection and Reporting of HMDA Information about Ethnicity and Race” can be found on the CFPB HMDA implementation page here.


New HMDA 2018 Resources

CFPBThe Consumer Financial Protection Bureau (CFPB) continues to build its library of resources to assist HMDA reporters in transitioning to the revised HMDA data collection rules that become effective starting January 1, 2018. The CFPB has made available on its website a webinar that provides an overview of the HMDA final rule and addresses institutional and transactional coverage, the data disclosure and submission process, as well as some key dates found in the final rule. In order to facilitate access to this webinar, the CFPB has also provided a method for viewing the video on YouTube.

Also available, is a HMDA transactional coverage chart that may be used when determining whether a transaction is reportable under HMDA. In addition, the CFPB has posted a PDF of the sample demographic data collection form from Appendix B of the HMDA final rule that reporters can use to collect an applicant’s race, sex, ethnicity and age.

The webinar and other implementation resources can be found on the CFPB’s dedicated implementation webpage for HMDA here. Technical questions regarding HMDA may be submitted to the CFPB via email to HMDAHelp@cfpb.gov.

CFPB Publishes Resources on HMDA Final Rule

The CFPB has published a webinar and other resources on its website to help bankers comply with the HMDA final rule. The resources address institutional and transactional coverage, the data disclosure and submission process and key dates. Bankers can view the webinar on the bureau’s website or on YouTube. Access the resources.

CFPB Releases HMDA Compliance Guide, Resources

CFPBOn December 1, 2015, the Consumer Financial Protection Bureau (CFPB) released several resources to help banks and other entities further understand their obligations to the Home Mortgage Disclosure Act and Regulation C. The resources highlight the changes to the HMDA rule issued in October, and instructions on data reporting and a “coverage chart” for coverage on Reg C. To view the resources, click here.

Federal Reserve to Host Free Consumer Compliance Webinar

FederalreserveOn Wednesday, July 29, the Federal Reserve will host a free webinar covering hot topics in consumer compliance and how bankers can more effectively manage growing compliance obligations.

During the webinar, Fed staff will cover areas where they believe substantive or common violations occur — including the Home Mortgage Disclosure Act, spousal signatures under the Equal Credit Opportunity Act, the Flood Disaster Protection Act of 1973 and the Unfair and Deceptive Acts or Practices Act — and answer questions from participants. Register.