Last Minute HMDA Compliance Overview: Where you Should Be on January 1
Lorman Banking Live Webinar
Member Robert Savoie (New Orleans) presented a live webinar titled “Last Minute HMDA Compliance Overview: Where you Should Be on January 1” on Friday, December 1.
The CFPB previously implemented significant changes under Regulation C and the Home Mortgage Disclosure Act (HMDA). These changes go into effect January 1, 2018, and 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’s presentation walked through the primary changes imposed by the final rule and assisted companies subject to Regulation C and HMDA with understanding the requirements to help ensure compliant reporting.