Federal DC Court Overturns Closed-End Loan HMDA Reporting Threshold
CFPB Monitor
OCTOBER 3, 2022
Presumably, the current leadership of the CFPB would favor the reduction of the closed-end loan reporting threshold to the 25 originated loans in each of the prior two years level set by the October 2015 rule. Additionally, prior to that rule, the reporting of open-end lines of credit was optional, so there was no reporting trigger. .
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