Removing Barriers Blog

NCUA sends Update on HMDA
Posted September 10, 2018 by CUNA Advocacy

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.”