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CFPB turns its reg relief focus to HMDA

Servicer satisfaction stalls as brand perception fails to deliver

CFPB turns its reg relief focus to HMDA 05/02/19. The consumer financial protection bureau proposed steps to ease home mortgage disclosure act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

Congress enacted HMDA in 1975 to root out discrimination in mortgage lending. The CFPB and other prudential regulators use the data to examine and identify fair-lending violations. In a notice on its web site announcing the removal of HMDA Explorer, the CFPB said the FFIEC plans to make a new tool available in the coming months. kraninger, who has been on the job at the CFPB for just four months, was named the chair of the FFIEC in April.

But there is some relief on the horizon as HMDA enforcement was just defanged by the now Trump-led regulators.. HMDA enforcement defanged by Trump-led regulators. CFPB must end regulation by.

"We thank the CFPB for responding to continued credit union and small lender engagement on this matter and for issuing a proposal to provide some relief from HMDA requirements," said CUNA President/CEO Jim Nussle. "The HMDA rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct.

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CFPB turns its reg relief focus to HMDA The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

Caliber Home Loans, Inc. announces its partnership with Ellie Mae. coverage without an increase in premium. Regulatory Relief Bill – Why Should LOs Care? Yes, underwriting, compliance, and.

CFPB Proposes to Raise HMDA Reporting Thresholds on May 2, 2019 Compliance , Mortgage , Newsbytes The Consumer Financial Protection Bureau today issued a proposal to provide relief for smaller institutions from the Home Mortgage Disclosure Act data collection and reporting requirements.

His career has "always had at its. CFPB’s here it’s up and running are you supportive of proposed changes to create a five-person board or make it subject to congressional appropriations? Does that.

CFPB turns its reg relief focus to HMDA The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

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