On September 23, 2022, the United States District Court for the District of Columbia issued an order vacating the 2020 Home Mortgage Disclosure Act (HMDA) Final Rule as to the loan volume reporting threshold for closed-end mortgage loans. The decision means that the threshold for reporting data on closed-end mortgage loans is now 25 loans in each of the two preceding calendar years, which is the threshold established by the 2015 HMDA Final Rule, rather than the 100 loan threshold set by the 2020 HMDA Final Rule.
Consumer Financial Protection Bureau Director Rohit Chopra will testify on Capitol Hill next month in a hearing before the House Financial Services Committee (HFSC) just before leadership in the chamber will switch over to a Republican majority.
The Bureau of Consumer Financial Protection is pleased to present our Semi-Annual Report to Congress for the period beginning October 1, 2021 and ending March 31, 2022. Full report
ATLANTA, Dec. 6, 2022 /PRNewswire/ -- LexisNexis® Risk Solutions released the results of its first Global State of Fraud and Identity Report, exploring research and insights from industry experts on recent statistics and trends from our industry-recognized studies on the Global True Cost of Fraud and transaction data from over 39B transactions from the LexisNexis® Digital Identity Network® from January 2022 to June 2022.
Though inflation is cooling off ever so slightly it still remains at a near 40-year high, and we will likely see higher-than-usual prices stretch into the new year. During these tough times, credit unions could be better options for consumers than big banks.
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