Header graphic for print
MoFo Reenforcement The Enforcement Blog

HOLY HMDA! CFPB Finalizes Changes to Home Mortgage Disclosure Rule

Posted in CFPB, Mortgage, Regulatory Developments

On October 15, 2015, the CFPB released a final rule amending Regulation C, 12 C.F.R. part 1003, which implements the Home Mortgage Disclosure Act (HMDA). Like the August 2014 proposed rule, the final rule includes changes to Regulation C in four broad areas: (1) the types of institutions required to collect and report HMDA data; (2) the types of transactions and applications subject to collection and reporting requirements; (3) the data that must be collected and reported; and (4) the method and frequency of reporting data and making data available to the public. This alert provides a high-level summary of the major changes to Regulation C in each of these four areas.

Read our client alert.