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CFPB proposes temporary HELOC threshold increase
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Banking, Legislation
Friday, July 14, 2017
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The Consumer Financial Protection Bureau has proposed to raise the home equity line of credit origination threshold in its expanded Home Mortgage Disclosure Act rule to alleviate reporting burdens on smaller financial institutions. The increase will apply on a temporary basis, pending further analysis by the bureau. Read on to learn more details and what the industry is saying about the proposed new threshold.
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