Hot off the presses! Today, the CFPB announced amendments to HMDA (12 CFR 1003) regarding the asset-size threshold used to determine HMDA applicability. The threshold was raised from $42 million in 2013 to $43 million for 2014. This means any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $43 million as of December 31, 2013, will be subject to HMDA data collection and reporting requirements in 2014.
Published
2013/12/30
Amy Kudlacek