CFPB Issues Final HMDA Rule: What this Means for You and Your Bank
Lorman Banking Live WebinarThe CFPB has implemented significant changes under Regulation C and the Home Mortgage Disclosure Act (“HMDA”). These changes impact the types of transactions and the types of institutions subject to Regulation C and HMDA. In addition, the reporting and disclosure requirements have been modified, along with revisions to the data that must be collected. These changes require that entities subject to Regulation C and HMDA carefully review and understand these changes in order to ensure that their reporting is compliant. Robert Savoie walks through the primary changes imposed by the final rule. This topic also assists companies subject to Regulation C and HMDA understand the new requirements to help ensure compliant reporting.