Answer:
The 2018 modifications to HMDA were massive and many financial institutions are still dealing with the challenges of collecting data under the burdensome new requirements. The partial exemption provisions resulting from EGRRCPA were a blessing and a curse. And now with a key exemption being revoked by the CFPB in December of 2022, knowing what to do and how to do it has never been more important to ensure your data are accurate when submitting it in 2024.
print
share