In a regulatory alert sent to federally insured credit unions, the NCUA said that the CFPB has published annual adjustments for exemption thresholds under the Home Mortgage Disclosure Act (Regulation C) and the Truth in Lending Act (Regulation Z).
The asset-size thresholds exempt certain credit unions from data collection under Regulation C and from escrow account requirements for higher-priced mortgage loans and specific qualified mortgages under Regulation Z, according to the alert.
The CFPB also published an annual adjustment to the maximum amount consumer reporting agencies may charge consumers for making a file disclosure to a consumer under Regulation V.
The NCUA said that the adjustments became effective on Jan. 1, 2021. The full regulatory alert can be accessed on the NCUA website.