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.
Senior HUD official named FHFA deputy director Adolfo F. Marzol is Principal Deputy Director at Federal Housing Finance Agency. View Adolfo F. Marzol’s professional profile on Relationship Science, the database of decision makers.. Senior HUD official named FHFA deputy director American Banker. June 22, 2018. New commissioner, same.
The report explained the Treasury reduced its regulatory agenda by about 100 regulations. CFPB announced that it will provide additional flexibility for small lenders and that it intends to engage.
Interviews and focus groups gao conducted with representatives of over 60. CFPB and the consumer financial regulations for which it is responsible were.. In turn, some said this had begun to adversely affect some lending. HMDA reporting in 2016, and that its staff spent about 16 hours per week.
But there is some relief on the horizon as HMDA enforcement was just defanged by the now Trump-led regulators.. HMDA enforcement defanged by trump-led regulators. cfpb must end regulation by.
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The Texas ratio is a bank’s ratio of Tier 1 capital and loan loss reserves to its nonperforming. Richard Riese said that the CFPB’s new HMDA and CRA reporting requirements "will not get ahead" of.
Warren W. Traiger was quoted on May 2, 2019 in a national mortgage news article, "CFPB turns its reg relief focus to HMDA," which discussed the Consumer Financial Protection Bureau’s steps to ease reporting requirements under the Home Mortgage Disclosure Act after the agency has previously announced it was eliminating HMDA Explorer.
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.
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.
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“Today's proposed changes would provide much needed relief to smaller. HMDA and its implementing rules require many financial institutions to. and reporting the data points the 2015 HMDA Rule added to Regulation C.