CFPB launches new formatting tool for HMDA reporting

On February 1, the CFPB announced the launch of the 2018 HMDA LAR Formatting Tool (the "Tool"). The Tool will help financial institutions create an electronic file to submit HMDA data collected in 2018 and reported in 2019.  The Tool is not needed if the financial institution uses vendor or loan origination software to format... Continue Reading…...(read more)

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