Updated Mortgage Transaction Reporting Thresholds (Details Of Regulation C)

Follow updated mortgage transaction reporting thresholds. Explore recent CFPB guidance relating to Regulation C. Congress enacted the Home Mortgage Disclosure Act (HMDA) to identify discriminatory lending patterns and practices. Implemented by Regulation C, this law requires financial institutions to collect and report data regarding mortgages. The CFPB has made changes to the transaction reporting thresholds for both closed-end and open-end mortgage loans. Financial institution employees must understand and follow the current requirements. Leading attorney and compliance expert Michael Christians will explain the latest CFPB updates and the details of Regulation C. You will learn how to ensure your institution adheres to current requirements for reporting information on mortgages.