Illinois Bankers Association

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IBA Comment Letter on HMDA Thresholds

The Illinois Bankers Association (“IBA”)[1] is writing on behalf of its 300 bank and thrift members to express our strong support of the Bureau’s proposal to increase the minimum thresholds for collecting and reporting Home Mortgage Disclosure Act (HMDA) data. The proposal will provide important exceptions to allow Illinois’ smallest banks and thrifts to continue serving their communities with minimal impact on the overall mortgage data collection under the HMDA...Read the Comment Letter

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