Monthly Archives: August 2020

CFPB Releases Updated Report on New and Revised HMDA Data Points for 2019

On August 27, 2020, the Consumer Financial Protection Bureau (CFPB) released its second report on the publicly released data submitted under the Home Mortgage Disclosure Act (HMDA) for 2019 mortgage lending activity. The new report provides an updated review of new and revised HMDA data points that were mandated for HMDA reporting in the CFPB’s [...]

August 28th, 2020|

Banking Agencies Issue Joint Statement on Enforcement of BSA/AML Requirements

On August 13th,the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency (the Agencies) issued joint guidance to clarify and update policies addressing the enforcement of the Bank Secrecy Act’s (BSA’s) anti-money laundering (AML) program requirement. The guidance, which replaces a prior interagency statement from [...]

August 17th, 2020|