Archive

HMDA PLATFORM TESTING PERIOD APPROACHING FINALITY

On November 3, 2017, the CFPB released the much anticipated HMDA Platform.  The platform is the web portal that HMDA covered financial institutions must utilize to submit HMDA data beginning with its 2017 HMDA data.  The platform has been available for testing since November 3rd; however, the CFPB sent out a reminder today regarding the official closing date of the platform.  The beta testing period will officially close on December 31, 2017 to allow the […]

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CFPB RELEASES HMDA PLATFORM FOR BETA TESTING

Finally, HMDA covered financial institutions can view another piece to the never-ending puzzle of HMDA tools from the CFPB.  The HMDA Platform was released today for beta testing.  Starting with 2017 data collected, financial institutions are required to report HMDA data to the CFPB.  The platform must be utilized by all HMDA reportable financial institutions to submit their data required by March 1, 2018. The Bureau did clarify the reason for the release was to […]

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CFPB Releases Update on HMDA Tools

The CFPB released a statement October 18, 2017 to provide insight into when to expect the introduction of the HMDA Platform, the web interface required to submit 2017 HMDA data.  The HMDA Platform is one of the most anticipated tools for those financial institutions required to report for HMDA. The agency stated that it is “currently demonstrating to the industry the new HMDA Platform’s functionality and user experience through webinars, industry conferences, and in-person user […]

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