CFPB Seeks Comments On Reg. C Resubmission Changes
In light of the expansion to HMDA, Regulation C, the CFPB has opened a 60-day comment period to obtain feedback on the rules for when financial institutions must resubmit HMDA data due to identified errors. In a separate letter, CUNA has blasted the agency for overreaching in its final rule that requires reporting on 48 data fields when the Dodd-Frank Act required reporting on only 17 fields. [1/11/16]