CFPB Adjusts HMDA Reporting Threshold
Thursday, 16 February 2012 08:41

The Bureau of Consumer Financial Protection (CFPB) yesterday published a final rule amending the official commentary that interprets the requirements of Regulation C (Home Mortgage Disclosure) to reflect a change in the asset-size exemption threshold for depository institutions based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI–W).  The exemption threshold has been adjusted to increase to $41 million from $40 million.  Depository institutions with assets of $41 million or less as of December 31, 2011 are exempt from collecting data in 2012.  Read more.

 

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