The Consumer Financial Protection Bureau (CFPB) last week announced that it will require mortgage lenders to publicly release fewer details under the Home Mortgage Disclosure Act (HMDA) starting in 2019. AFSA has previously advocated in favor of the changes and supports the bureau’s augmentation of the data that is collected.
The CFPB will move to exclude certain items from public facing HMDA data, including property addresses and credit scores. Other pieces of information will be released but only in ranges, as opposed to precise numbers.
In its statement, the bureau said it “has decided that it would be beneficial to conduct a separate notice-and-comment rulemaking to incorporate any modifications of HMDA data into the text of Regulation C.”
The statement also said that the bureau will consider what HMDA data will be released in future years based on the comments it receives.
The Consumer Financial Protection Bureau (CFPB) last week announced that it will require mortgage lenders to publicly release fewer details under the Home Mortgage Disclosure Act (HMDA) starting in 2019. AFSA has previously advocated … Read the rest
The AFSA offices will be closed on December 24th & December 25th. AFSA offices will also be closed on Monday, December 31st.
On behalf of the staff at AFSA, we wish you a very joyous holiday and a happy New Year!… Read the rest
The year may be closing, but the AFSA Webinar Series is rolling right into the new year with a full slate of programs.
- Optimizing the Usage of Alternative Credit Data in Auto Finance, presented by Experian | Tues. Jan 15, 2019 at 2:00 p.m. ET
- ADA
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As 2018 continues to tick down toward the new year, we edge closer to the premier event for the vehicle financing community. The 2019 AFSA Vehicle Finance Conference & Expo will be held from January 22-24, 2019 at the Hilton Union Square… Read the rest
AFSA would like to welcome the following new members to the association:
Davis Wright Tremaine is a law firm of approximately 550 lawyers in eight offices across the United States. The Consumer Financial Services team advises market-leading… Read the rest
AFSA this week submitted a letter of welcome to incoming Bureau of Consumer Financial Protection (BCFP) Director Kathy Kraninger. The letter shared the history of AFSA and the important role that its members play in the lives of ordinary Americans.… Read the rest
The Federal Communications Commission (FCC) on Wednesday adopted two items regarding robocalls and spam texts.
First, the FCC adopted a Second Report and Order to establish a single, comprehensive database that
… Read the rest
The latest podcast from AFSA Today analyzes the role of compliance in the consumer credit industry and how it impacts AFSA members. AFSA’s Philip Bohi, Vice President of Compliance Education, examines key focus areas of AFSA members… Read the rest
AFSA would like to welcome the following new members to the association:
Davis Wright Tremaine is a law firm of approximately 550 lawyers in eight offices across the United States. The Consumer Financial Services team advises market-leading… Read the rest
