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MoFo Reenforcement The Enforcement Blog

Home Mortgage Disclosure Act Amendments: CFPB Issues Two Regulation C Releases

Posted in Fair Lending, Mortgage, Regulatory Developments

On May 2, 2019, the CFPB issued two releases related to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The CFPB released a notice of proposed rulemaking (NPRM) to adjust Regulation C’s loan volume thresholds that trigger HMDA and to make other changes. Comments are due 30 days after publication in the Federal Register. The CFPB also released an advance notice of proposed rulemaking (ANPR) seeking comment on whether it should propose to revise the data elements that covered institutions must report.

Comments are due 60 days from publication in the Federal Register.

Read our client alert.