Addressing changes to the Home Mortgage Disclosure Act (HMDA) enacted by the recent signing of S. 2155 into law, the Consumer Financial Protection Bureau (CFPB) issued a statement outlining how the bureau will adjust its policies accordingly.
The law provides partial HMDA exemptions for certain depository institutions and credit unions insured by the federal government.
Find out more details about the bureau’s implementation and guidance plans, scheduled for release later this summer.