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Home » Store » Inside the CFPB » CFPB Set to Implement HMDA Relief Later This Summer

CFPB Set to Implement HMDA Relief Later This Summer

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Inside the CFPB

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The CFPB announced it will release guidance later this summer to provide exemptions to smaller financial institutions under the Home Mortgage Disclosure Act. The regulatory relief comes from the Dodd-Frank reform act – the Economic Growth, Regulatory Relief, and Consumer Protection Act – signed into law in May. The new law exempts depository institutions and credit unions that originated fewer than 500 closed-end mortgage loans or 500 open-end lines of ...
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