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Latest PolicyWorks News; CFPB’s 2nd 'HMDA' Webinar

The latest PolicyWorks newsletter is now available! Please check your email, or click here to access the newsletter using your email address and your California or Nevada Credit Union League members-only password.

The newsletter includes the following article:

  • Compliance bulletin on the California 2016 Residential Mortgage Loan Report or Exemption Form required to be sent to the California Department of Business Oversight (DBO) by state-licensed credit unions by March 31, 2017.

Click here for additional information, including details on reporting software, submission requirements, and information on exemptions.

CFPB’s Second Webinar on 2015 HMDA Final Rule
The Consumer Financial Protection Bureau (CFPB) has made available on its website a webinar on the 2015 Home Mortgage Disclosure Act (HMDA) final rule that discusses identifiers, as well as other data points including those related to applicants and borrowers.

Additionally, the bureau has made available on its website a chart to illustrate the options a financial institution has for collecting and reporting ethnicity and race information under current Regulation C, Regulation C effective Jan. 1 of 2018, and the bureau’s Official Approval Notice (issued on Sept. 23, 2016).

You can access the webinar and table on the bureau’s dedicated implementation webpage for HMDA.

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