CFPB EXTENDS COMMENT PERIOD FOR ANPR ON HMDA DATA POINTS
July 1, 2019 / Source: CFPB
CFPB EXTENDS COMMENT PERIOD FOR ANPR ON HMDA DATA POINTS
JUN 27, 2019
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Advance Notice of Proposed Rulemaking (ANPR) relating to the Home Mortgage Disclosure Act (HMDA). The extension will give interested parties an opportunity to review the Bureau’s annual overview of residential mortgage lending based on the HMDA data financial institutions collected in 2018, as requested by a variety of stakeholders. In late summer, the Federal Financial Institutions Examination Council will release the national loan level dataset and the Bureau will release an overview of that dataset.
The ANPR, issued on May 2, 2019, solicits comment on certain data points in the Bureau’s October 2015 final rule that were added to Regulation C or revised to require additional information, and on coverage of certain business- or commercial-purpose loans. The comment period will be extended from July 8, 2019 to October 15, 2019.
Additionally, to facilitate additional comments based on the public’s review of the release of the national loan level data set, the Bureau will issue a Federal Register notice to reopen the comment period on certain aspects of the Notice of Proposed Rulemaking (NPRM) relating to coverage thresholds under the HMDA rules. The NPRM comment period closed on June 12, 2019.
More information can be found at: https://files.consumerfinance.gov/f/documents/cfpb_anpr_hmda-comment-period-extension.pdf
The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visitconsumerfinance.gov.