On October 9, 2013, the CFPB released Bulletin 2013-11 (click here) to advise CFPB-supervised mortgage lenders (both depository and non-depository) of their responsibilities under HMDA and Regulation C to collect and report accurate HMDA data and of the CFBP’s enforcement actions for failure to do so. For a copy of Bulletin 2013-11, click on the above hyperlink. In summary, Bulletin 2013-11: 1. Provides guidance on the development and maintenance by CFPB-supervised mortgage lenders of effective HMDA compliance management systems, setting out in eight bullet points a summary of what an effective system should include. Download complete memorandum below
