Exemption Thresholds For Certain Regulations Increased

A number of compliance-related regulations have threshold amounts below which institutions are exempt from compliance requirements. The applicable regulatory agency is often required to adjust the threshold levels annually by the percentage increase in the Consumer Price Index.

Below are a number of adjustments made by the CFPB, the FDIC, the OCC and/or the Federal Reserve:

• Effective January 1, 2015, the Consumer Financial Protection Bureau adjusted the asset-size exemption threshold for banks, savings associations, and credit unions under Regulation C, which implements the Home Mortgage Disclosure Act. The asset-size exemption will increase to $44 million. Therefore, institutions with assets of $44 million or less as of December 31, 2014 are exempt from collecting HMDA data in 2015.