Bureau Issues Statement on the Implementation of the Act Amendments to the HMDA


On July 5, 2018, the Bureau of Consumer Financial Protection (the “Bureau“) issued a statement regarding the impact of the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Act“) on the Home Mortgage Disclosure Act (the “HMDA“). The Act provides partial exemptions for some insured depository institutions and insured credit unions from certain HMDA requirements. The Bureau expects to provide further guidance on the applicability of the Act to the HMDA later this summer. Release.