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Removing Barriers Blog

CUNA and BCFP Will Host HMDA Rule Interpretation Webinar on October 10th
Posted October 09, 2018 by CUNA Advocacy

On October 10th at 11:00 AM Eastern, CUNA will be hosting a webinar in conjunction with the BCFP to discuss technical implementation of the new HMDA rule.  In August 2018, the BCFP released the 2018 HMDA Interpretive Rule, which provides partial exemptions for some insured depository institutions and insured credit unions from certain HMDA requirements as a result of the passage of S.2155. This webinar will cover the following:

   -Operational Approach to filing 2018 HMDA data

   -The flexibility filers have when taking a partial exemption

   -Examples of how to take an exemption

   -Additional HMDA tools and resources to help filers

Additionally, the webinar will help credit unions:

   -Identify where on the FFIEC website the 2018 Filing Instructions Guide (FIG) incorporating the 2018 HMDA Rule is located

   -Determine if your organization qualifies for a partial exemption

   -Understand the exemption codes and data points you can take an exemption on

This webinar is beneficial for lenders, compliance officers, all compliance professionals, and anyone else needing information on the HMDA Final Rule.  Click here to register for the event.  The BCFP will also be answering questions at the end of the webinar.  However, if you have HMDA questions that are more regulatory in nature, please send those to CUComply@cuna.coop before the webinar so we can submit them to the Bureau in advance.