WBK Industry - Federal Regulatory Developments

BCFP Announces Beta Testing Period Closed for HMDA Platform and Filing Period Now Open for 2018 HMDA Data

The Bureau recently announced that the beta testing period is closed for the HMDA Platform and that the filing period is now open for 2018 HMDA data.

In December 2018, the Bureau launched the beta version of the HMDA Platform in order to allow financial institutions to test out the system before the formal filing period opened in 2019 and determine whether their sample Loan/Application Register (LAR) data complies with the reporting requirements for HMDA data collected in 2018.  Now that the beta testing period is closed, financial institutions may begin filing 2018 HMDA data through the HMDA Platform.

The HMDA Platform is available here.