WASHINGTON, Jan. 7 -- Consumer Financial Protection Bureau has issued a rule called: Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold.
The rule was published in the Federal Register on Jan. 7 by Russell Vought, Acting Director, Consumer Financial Protection Bureau.
Summary: The Consumer Financial Protection Bureau (Bureau) is amending official commentary interpreting requirements of the Bureau's Regulation C to reflect the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the average of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the 2.5 average percent increase in the CPI-W for the 12-mon...