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MoFo Reenforcement The Enforcement Blog

CFPB Announces Public Comment Extension on HMDA Reconsideration

Posted in CFPB, Mortgage, Regulatory Developments

The CFPB extended the deadline for public comments on its advance notice of proposed rulemaking (ANPR) relating to the Bureau’s 2015 Rule addressing the Home Mortgage Disclosure Act (HMDA). The ANPR, issued on May 2, requested comments by July 8, 2019, on whether the CFPB should revise the data points lenders must report under the Bureau’s 2015 Rule, and the types of transactions covered by the 2015 Rule. We discuss how the CFPB is seeking additional comment on its reconsideration of burdens and benefits of the expanded HMDA data and how the public may have the opportunity to comment on HMDA’s lender coverage thresholds.

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