CFPB finalizes temporary increase of HMDA HELOC reporting threshold and other minor HMDA amendments

As we previously reported, in October 2015, the CFPB adopted significant revisions to Regulation C, the Home Mortgage Disclosure Act (HMDA) rule, most of which become effective January 1, 2018.  As a result of the revisions, the reporting of home equity lines of credit (HELOCs) under HMDA, which is currently  voluntary, will become mandatory for... Continue Reading…...(read more)

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