The Consumer Financial Protection Bureau (CFPB) issued a rule finalizing specific provisions of the agency’s May 2019 Notice of Proposed Rulemaking (NPRM) under the Home Mortgage Disclosure Act (HMDA) regarding data collection requirements for small entities.
The rule also provides clarity regarding the applicability of partial HMDA exemption provisions not covered in previous rulemakings – namely with regard to mergers and acquisitions.
Learn more details about how the rule will impact the financial industry.