Compliance Action, Volume 19, Number 10

HMDA: More Data, More Costs (7 Action Steps)

By Lucy Griffin

The CFPB has issued the long-awaited proposal with major proposed expansions to HMDA data collection that will likely involve system changes in order to collect, track, store and calculate the necessary elements. Your comments on this proposal have never been more important.

Compliance Notes

• Enforcing CFPB's Reg O
• Host State Loan-to-Deposit Ratios
• Distressed or Underserved List
• Independent Foreclosure Review Study
• Universal Loan Identifier
• Community Banks and Regulatory Burden

Compliance Calendar

In the Editor's Opinion
Complaints About Complaints

By Lucy Griffin

The entry of the CFPB into the complaint business has changed things, with the burden of relief falling primarily on the financial institution and none on the consumer.

Compliance Q & A

• Loan Denial for Illegal Use of Property
• Refinancing Non-Standard Loan Prior to Recast
• HOEPA Loan Secured by a Mobile Home