NCUA’s Office of Consumer Financial Protection (OCFP) issued
an Update
with information about the HMDA
Interpretive Rule finalized by the BCFP on August 31, 2018. The HMDA
Interpretive Rule implemented changes made by S.2155 and became effective on
September 7, 2018.
According to the agency, today’s Update “explains the
Bureau’s rule, which identifies the data points subject to the new HMDA partial
exemptions, describes transactions subject to the partial exemptions, discusses
a new alternative to the universal loan identifier, and includes parameters for
voluntary reporting.”