CFPB turns its reg relief focus to HMDA 05/02/19. The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.
Essent posts higher net income at year’s midpoint Financial expense, net increased by 1.0 million vs. Q4-17 and 2.3 million vs. Q1-17 due primarily to higher net interest expense associated with Besi’s issuance of 175 million of Convertible Notes in December 2017. On a year over year basis, net financial expense also grew due to higher hedging costs related to increased sales volume.
The Consumer Financial Protection Bureau (CFPB) plans to further relax its Home Mortgage Disclosure act (hmda) rules and may be making additional rule changes in the near future. Earlier this month, the bureau issued a notice stating that it was considering raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans and [.]
The Consumer Financial protection bureau (cfpb) proposed friday to temporarily relax the scope of upcoming changes to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), by raising one threshold for HMDA reporting. Under Regulation C amendments previously finalized and scheduled to take effect in 2018, HMDA reporting requirements would apply to any financial institution.
Growth, Regulatory Relief, and consumer protection act, which amended. exemptions; clarifies which of the data points in Regulation C are covered by. Rule citing its discretionary authority under HMDA section 304(b)(5)(D) and (b)(6 )(J). focused on relieving regulatory burden associated with the Dodd-Frank Act.42.
CFPB turns its reg relief focus to HMDA The Consumer Financial Protection Bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days after the agency announced it was eliminating an online platform for analyzing raw HMDA data.
"We thank the CFPB for responding to continued credit union and small lender engagement on this matter and for issuing a proposal to provide some relief from HMDA requirements," said CUNA President/CEO Jim Nussle. "The HMDA rule has disproportionately burdened credit unions despite no evidence of past wrongful conduct.
Congress enacted HMDA in 1975 to root out discrimination in mortgage lending. The CFPB and other prudential regulators use the data to examine and identify fair-lending violations. In a notice on its web site announcing the removal of HMDA Explorer, the CFPB said the FFIEC plans to make a new tool available in the coming months. Kraninger, who has been on the job at the CFPB for just four months, was named the chair of the FFIEC in April.
Treasury also said that the CFPB should have its. relief could get support. But other changes could be done through regulatory agencies once Trump gets his team in place. “I think legislative.
Drop in housing starts shows industry may weigh on growth Homebuilding may plod along until faster wage growth. in the labor market, improvement in consumer confidence, yet the housing recovery has been in low gear.” The median forecast of 78 economists.No. 12: Detroit, Mich. ‘Selfless amoeba’ Michigan plenty confident entering Big Ten softball tournament – The 12-team single-elimination tournament concludes with Saturday’s championship game at Indiana’s Andy Mohr Field. The champion earns an automatic berth in the NCAA Tournament. Michigan moved up a.