The New York Credit Union Association is seeking credit union feedback on proposed changes to Regulation C, which implements the Home Mortgage Disclosure Act.
One change would increase the threshold above which financial institutions, including credit unions, must comply with the regulation. The CFPB also issued a potentially significant Advanced Notice of Proposed Rulemaking seeking feedback on what information originators should not be required to gather.
The Association is conducting an online survey to gather credit union feedback, which will help formulate the Association’s comments on the matter.
Survey responses are requested by Monday, July 8.