Links in “Home Mortgage Disclosure Act (HMDA)”
- Consent Orders with Fines to Correct HMDA Submissions
CFPB fines two financial institutions $450K for HMDA reporting violations. [10/11]
- CFPB Issues Fines, Warning and Guidance on HMDA Reporting Violations
Payment of fines for two reporters is only first key point of CFPB press release. More significant for FIs may be a HMDA Bulletin that is basis of warning by CFPB for HMDA reporters to implement an effective HMDA compliance management system that includes training, testing and reporting of validation efforts. [10/10]
- HMDA 2012 Is Out! Now What Do We Do with It?
Four items that should be on your next compliance committee meeting agenda. [10/2]
- Is CFPB Foreshadowing Its Use of HMDA Data to Identify Discrimination?
With release of HMDA data for 2012, CFPB emphasizes that the data can "shine a spotlight on lending disparities." [9/24]
- Peering Inside HMDA 2012 Data
Black and hispanic white applicants experienced higher denial rates than non-hispanic white applicants, findings similar to recent years. [9/20]
- Happy Birthday, Fair Lending Analysts! 2012 HMDA Data Released
While CFPB releases a lovely visual tool, key analysis on comparative performance and other more sophisticated fair lending reviews for the nearly 7,500 financial institution HMDA reporters can begin in earnest. [9/19]
- CFPB: Check Out the HMDA Numbers
New visual HMDA tool shows mortgage volume for key product types by area. Very colorful. [9/19]
- Get Ready for Expanded Regulatory Requirements and More Exams for Fair Lending & HMDA
Both the CFPB and NCUA have indicated that they will be focusing more intently on Fair Lending and HMDA data collection in 2014. This increased focus will include additional fair lending exams and a possible expansion of the HMDA-like government monitoring requirements to include auto loans, business loans and credit cards. [9/10]
- Report: CFPB’s To-Do List Includes Expanding ECOA, HMDA Data Collection
To-do list includes implementing the Dodd-Frank amendments to the Equal Credit Opportunity Act that require financial institutions to collect additional data on credit applications made by women- or minority-owned businesses and small businesses as well as much more Home Mortgage Disclosure Act data. [8/21]
- CFPB Releases Semi-Annual Regulatory Agenda
Not many surprises here: mortgage lending will continue to be a strong focus as the agency continues to tweak the new rules that are scheduled to go into effect in January 2014; also, the Bureau is gearing up to issue its final rule on the combined TILA/RESPA disclosure in October 2013 and amending Regs CC and HMDA. [8/5]
