Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
AI Summary
The final rule adjusts the asset-size exemption threshold for banks, savings associations, and credit unions based on the annual percentage change in the CPI-W. This affects how these institutions report home mortgage data under Regulation C.
Texas Relevance
The article does not mention Texas or any Texas-specific entities and applies to all credit unions nationwide.
Original Content
The Consumer Financial Protection Bureau (Bureau) is issuing a final rule amending the official commentary that interprets the requirements of the Bureau's Regulation C (Home Mortgage Disclosure) 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).