Compliance: CFPB updates HMDA reporting threshold for 2020

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The CFPB announced 2020 asset-size exemption thresholds for HMDA based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. Credit unions with assets of $47 million or less are exempt from collecting HMDA data in 2020.

https://news.cuna.org/articles/117089-compliance-cfpb-updates-hmda-reporting-threshold-for-2020