The NCUA and Consumer Financial Protection Bureau have placed more emphasis on Fair Lending laws and Home Mortgage Disclosure Act data collection in 2013, and credit unions can expect additional rules and exams in 2014.

Some are also anticipating the anti-discrimination reporting and compliance could be expanded to apply to auto financing, business loans and credit cards, which could change the way credit unions lend to members.

The CFPB announced in July it will begin writing a proposed rule this month to amend HMDA to require significantly more information from lenders, as mandated by the Dodd-Frank Act. In addition to a laundry list of loan terms information, lenders may also be required to provide identifiers for loans, parcels and loan originators.

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