CFPB proposes changes to HMDA rule

cfpb-logoThe CFPB today issued a notice of proposed rulemaking that would raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act rules. The bureau said the NPRM would provide relief to smaller lenders from HMDA’s data reporting requirements and would clarify partial exemptions from certain HMDA requirements that Congress added in the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Continue reading “CFPB proposes changes to HMDA rule” →

Bow provides updates at CDFI conference in Puerto Rico

IMG_2533.jpeg

Linda Bow, director of compliance at the New York Credit Union Association, recently attended a two-day CDFI conference in San Juan, Puerto Rico. Over 130 participants and nearly 60 financial cooperatives were represented at the event, which was hosted by Inclusiv, formerly known as the National Federation of Community Development Credit Unions.

Continue reading “Bow provides updates at CDFI conference in Puerto Rico” →