FFIEC Releases HMDA Guide
Friday, April 20, 2018 8:00 AM

For the first time since 2013, the Federal Financial Institutions Examination Council (FFIEC) released an updated guide for reporting mandated by the Home Mortgage Disclosure Act. The "Guide to HMDA Reporting: Getting It Right!" is applicable to data collected in 2018 and due for reporting March 1, 2019. The new edition of the Guide reflects substantial changes to Regulation C made by the Consumer Financial Protection Bureau (CFPB) in October 2015, as well as technical corrections and clarifying amendments the CFPB made in August 2017. The 2018 Guide focuses on providing summaries of which institutions must report; transactions and data points that must be reported; and the deadlines for recording, reporting and disclosing data.

Source: TCUD