Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Monday, July 31, 2017

ABA Supports CFPB Proposal to Raise Threshold for HELOC Reporting

In a comment letter, ABA supported a CFPB proposal to raise the threshold at which banks are required to report data on home equity lines of credit. Currently, banks originating more than 100 HELOCs are generally required to report under the Home Mortgage Disclosure Act. The proposal would temporarily raise that threshold to 500 HELOCS for the calendar years 2018 and 2019, allowing the bureau time to assess whether to make the adjusted threshold permanent.

ABA has advocated for a higher reporting threshold and urged the CFPB to make the increase permanent. The association also opposed a change in language that would trigger reporting if a lender exceeded the threshold in only one of the two preceding years. Additionally, ABA noted that there are still a number of unresolved issues surrounding HMDA, and it called on the bureau to postpone the rule’s effective date to allow more time for those issues to be addressed.


Read the comment letter.

2 comments:

ninja said...

TowelRoot Android rooting has always been a talkative
topic for the tech geeks. An amazing android rooting technique developed by white hat hacker (White Hat Hacker=Hacking for Good Cause) George Hotz
popularly known as ‘geohot’. For a short description of him, he is the guy jailbrocked iPhone & even PS3
qooapp A Place Where You Can Download Japanese, Chinese and Korean Region-Locked
Games on Android. When it is about downloading some globally available game, we all know how
easy it is, just search-download and install and it is ready to entertain you
block
phones and Windows PC’s which allows the users to bypass the censorship
that their service provider has set and surfed the part of the web that is not allowed to be accessed in their part of the world.

Rohan Karmakar said...


Love your blog man. Thanks for this stuff.
https://tweakbox-app.com
https://www.tweakbox-app.org
https://gameguardianapp.com

Post a Comment

Please read our comment policy before making a comment.