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Monday, January 5, 2015

CFPB Adjusts Exemption Thresholds for Escrows, HMDA

The Consumer Financial Protection Bureau on Dec. 24 adjusted asset size exemption thresholds for banks under Regulation Z and Regulation C.

The asset size for banks exempt from the requirement to establish an escrow account for higher-priced mortgages under Reg Z will rise from $2.028 billion to $2.060 billion. The asset size exemption threshold for financial institutions reporting under the Home Mortgage Disclosure Act and Reg C will rise from $43 million to $44 million.

View the Reg Z adjustment.

View the Reg C adjustment.