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Wednesday, December 2, 2015

CFPB Releases HMDA Compliance Guide, Resources

The Consumer Financial Protection Bureau yesterday released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C. The resources include a small entity compliance guide addressing the changes to the HMDA rule issued in October, instructions on data reporting and a “coverage chart” which helps institutions determine whether they are covered by Reg C.

View the resources.