After a long wait, the CFPB finally issued its new HMDA rules. The new rule takes effect in phases: first HMDA’s coverage increases to include more institutions; then starting in 2018 the real fun begins: new rules around what types of loans are covered, and many more data elements (110 to be exact). As well, the submission and disclosure processes will change, to the new CFPB online method. 2018 seems a long time into the future, but there is much to be done. Now is the time to start your game plan, both in the compliance and technology areas.
Who Should Attend?
Loan officers, managers, and processors, compliance and fair lending officers, auditors, counsel, and anyone else with HMDA-related responsibilities, including data collection, reporting, analysis, and disclosure.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.