Mortgage lenders that expect to close on a pending home-equity line-of-credit near the end of this year may run afoul of the new Home Mortgage Disclosure Act rule from the Consumer Financial Protection Bureau if the HELOC doesn’t close on time, compliance experts cautioned this week. That’s because the CFPB created a compliance gap by failing to establish a rule to guide industry conduct during the transition from the current reporting regime to the new one. At least that’s the assessment of some top HMDA professionals during a break-out session at the 2017 American Bankers Association regulatory compliance conference in Orlando this week. The crux of the problem is...