Consumer protection reg updates (HMDA, more) available via NCUA website

NCUA has posted a series of “Consumer Financial Protection Updates” for credit unions on recent threshold changes affecting compliance with the Home Mortgage Disclosure Act (HMDA) and Truth in Lending Act (TILA), as well as the recent change in consumer credit report fee limits.

These updates can be found via the agency website’s Regulatory and Compliance Resources section, which also includes links to rules affecting consumer deposits, mortgage loans, the broader of fair lending, flood insurance, servicemember lending and more.

The latest Consumer Financial Protection Update posted by the agency is No. 19-04, dealing with the submission of HMDA data for 2018. The update before that was No. 19-03 on HMDA data thresholds and partial exemptions for 2019. This document also discusses the partial exemptions from HMDA data collection and reporting provided under last year’s Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA, S. 2155).

NCUA issued a message to credit union boards and CEOs regarding the 2019 HMDA provisions Monday.

Consumer Financial Protection Update 19-04, Submission of 2018 HMDA Data

Consumer Financial Protection Update 19-03, HMDA Data Collection Requirements for Calendar Year 2019