Lenders covered by expanded Home Mortgage Disclosure Act (HMDA) requirements, implemented Jan. 1, 2018, can take advantage of new tools offered by the Consumer Financial Protection Bureau (CFPB) to facilitate the collection and reporting of quality data.
The CFPB’s Digital Check Tool and Rate Spread Calculator are designed to help lenders comply with Regulation C and Regulation B.
Read on to find out more details about the tools.