New HMDA Submission Tool on the Horizon
Beginning in 2018, institutions will no longer submit HMDA data to the FFIEC, but will submit via a new web-based HMDA submission tool. The CFPB has also advised institutions to become familiar with the tool in preparation for implementation. However, if you've tried this, you wouldn't have been able to find the tool. Where is it, you may ask? Not to worry, the CFPB plans to make it live sometime in August. [7/10/17]


