HMDA exemption threshold (1/31/19)
| Agency | CFPB |
| Action | Notice |
| Date | 1/31/19 |
| Link | https://www.federalregister.gov/documents/2019/01/31/2018-28373/home-mortgage-disclosure-regulation-c-adjustment-to-asset-size-exemption-threshold |
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The Consumer Financial Protection Bureau is raising the asset-size exemption threshold for financial institutions to be required to collect HMDA data. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.6 percent for the 12-month period ending in November 2018, so the exemption threshold is adjusted to increase to $46 million from $45 million. Therefore, banks, savings associations, and credit unions with assets of $46 million or less as of December 31, 2018, are exempt from collecting data in 2019. |
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