Tag Archives: Home Mortgage Disclosure Act

CFPB Warns Mortgage Lenders and Brokers of Possible HMDA Violations

On Oct. 27, 2016, the Consumer Financial Protection Bureau (CFPB) warned 44 unnamed mortgage lenders and brokers that they may be in violation of data reporting requirements of the Home Mortgage Disclosure Act (HMDA). Enacted in 1975, HMDA requires financial institutions to collect data about housing-related lending activity – including home purchase loans, home improvement … Continue Reading

Consumer Financial Protection Bureau Releases Spring 2015 Rulemaking Agenda

The Consumer Financial Protection Bureau (CFPB) recently released its spring 2015 rulemaking agenda. Created by the Dodd-Frank Act, the CFPB aims to regulate consumer finance markets and services through rulemaking. In accordance with the Regulatory Flexibility Act and as a part of the federal government’s Unified Agenda of Regulatory and Deregulatory Actions, the CFPB released … Continue Reading