InfoBytes Blog
CFPB updates 2022 HMDA filing instructions
On October 20, the CFPB released three updates regarding the Filing Instructions Guide for HMDA data collected in 2022 that must be reported in 2023. As previously covered by InfoBytes, the CFPB released the Filing Instructions Guide for HMDA, which states that there are no significant changes to the submission process and that the required data fields to be collected and reported have not changed. Instructions for quarterly reporting can be found in the Supplemental Quarterly Reporting Guide.
On October 25, the CFPB reminded that, "[f]or data collected beginning January 1, 2022, financial institutions should use census tract information provided in the 2020 Census." In addition, the FFIEC’s Geocoder will utilize census tract information from the 2020 Census beginning January 1, 2022.