Removing Barriers Blog

Bureau Issues HMDA Interpretive Rule
Posted August 31, 2018 by CUNA Advocacy

Today the Bureau issued an interpretive rule clarifying changes made to HMDA reporting by S. 2155. 

The rule is effective upon publication in the Federal Register and appears to be straight-forward guidance providing clarification on the Bureau’s interpretations of the new HMDA partial exemptions.  The Bureau plans on issuing textual changes to Regulation C for notice-and-comment “at a later date.”  

CUNA is evaluating the rule to determine its full impact and find additional areas the Bureau could address in the future to mitigate HMDA compliance burden.