The February 2023 WBA Compliance Journal is now available. In this edition, readers will find an article asking, “What is a ‘covered application’ under Section 1071?” in anticipation of a final rule slated to be released in March, according to CFPB’s regulatory agenda. Also, agency guidance regarding supervisory expectations for HMDA reporting by those affected by the lower reporting threshold for closed-end mortgage loans, summaries of recently published agency rules and notices, and other important compliance-related updates for bankers.