The FRB, OCC and FDIC have issued proposals aimed at making definitions under CRA correlate to those under HMDA rulemaking. This focuses largely on the unsecured home improvement loans, which now fall outside of HMDA reporting, but may fall under CRA reporting, at the option of the organzation. Other changes noted including Public File disclosures on HMDA disclosures noting access via the CFPB portal. [9/22/17]
CRA Proposal with HMDA Impact out for Comment
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The FRB, OCC and FDIC have issued proposals aimed at making definitions under CRA correlate to those under HMDA rulemaking. This focuses largely on the unsecured home improvement loans, which now fall outside of HMDA reporting, but may fall under CRA reporting, at the option of the organzation. Other changes noted including Public File disclosures on HMDA disclosures noting access via the CFPB portal. [9/22/17]