On October 20, 2017, the CFPB announced that it will allow lenders access this fall of 2017 to the new HMDA Platform for testing in preparation for the new HMDA reporting requirements. Testing will allow lenders to experience the new HMDA Platform’s functionality, explore its features and user interface. The CFPB also stated that it intends to post a video version of the CFPB’s demonstration to the industry of the new HMDA platform.
Suggested Action
Lenders should take advantage of the opportunity to test the new HMDA Platform prior to making the first filing on the system and provide feedback to CFPB if they experience issues or concerns, at hmdahelp@cfpb.gov.
