HMDA CHange - not this year.
http://www.ababj.com/compliance/mortgage/item/4506-cfpb-sends-gets-messages-at-aba-summitCFPB’s Kathleen Ryan who is deputy assistant director for the bureau’s Office of Regulations, told bankers the agency came to a point last fall where “we put the pen down.”
• Home Mortgage Disclosure Act revisions remain a work in progress. “No final rule on HMDA is coming this year,” said Ryan, “so don’t worry.”
• Data-gathering rules for small business lending along the lines of HMDA were mandated by the Dodd-Frank Act and tasked to the bureau. Ryan said that those rules are sometime off. The bureau wants to get some experience with the expanded reporting under HMDA before moving ahead with the business rules.
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