The House on Jan. 18 passed legislation that would exempt many credit unions from certain reporting requirements under the Home Mortgage Disclosure Act.
Voting 243-184, the House passed H.R. 2954, which would increase the threshold that triggers HMDA disclosures to 1,000 closed-end and 2,000 open-end mortgages.
The current threshold is 25. Credit union trade groups supported the legislation.
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