Institutions reporting 60,000 covered loans in the preceding calendar year were originally required to submit their first quarterly HMDA submissions in 2020 by May 30. While reporting is currently optional, RiskExec can support submissions if the rule applies to your institution and you choose to continue with submission.
Below are links to additional statements from the CFPB for ease of reference.
- Statement on Supervisory and Enforcement Practices Regarding Quarterly Reporting Under the Home Mortgage Disclosure Act
- Statement on Supervisory and Enforcement Practices Regarding Bureau Information Collections for Credit Card and Prepaid Account Issuers
- Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic