The Federal Financial Institutions Examination Council (FFIEC) has issued a letter to credit unions subject to HMDA reporting requirements highlighting the previously announced changes in rules or reporting requirements for 1997. Attached is the letter discussing the changes that will impact the upcoming reporting cycle.
The letter also serves as a supplement to the 1996 Guide to HMDA Reporting: Getting It Right!, which should be utilized for guidance on requirements for 1997 data collection and reporting. To obtain copies of the Guide to HMDA Reporting: Getting It Right!, you may contact FRS Publications at (202) 452-3245.
Norman E. D'Amours