The Bureau’s annual Fair Lending Report to Congress highlights 2017 work to promote fair, equitable, and nondiscriminatory access to credit.
The Federal Financial Institutions Examination Council (FFIEC) announced new Home Mortgage Disclosure Act (HMDA) Resubmission Guidelines for all financial institutions that report HMDA data.
This week, we’re releasing our fifth Fair Lending Report. Read about the actions we took last year to protect people from credit discrimination and what we plan to do this year.
We are seeking comment on our proposal to clarify, make technical corrections, and minor changes to the data that financial institutions are required to collect and report about their mortgage lending, which will improve the quality of mortgage data available to the public.
The Consumer Bureau is proposing changes to Regulation B to help mortgage lenders and is looking for your feedback
CFPB’s eRegulations is a web-based tool that makes regulations easier to find, read and understand. We have expanded the tool to include three additional CFPB regulations. We are also updating an existing regulation to reflect changes that the Bureau has recently made.
An important part of the CFPB’s mandate from Congress is to make rules governing consumer finance markets more effective and to create new rules when warranted. Today, we’re posting a semiannual update of our rulemaking agenda as part of the federal government’s Unified Agenda of Regulatory and Deregulatory Actions.
Today the CFPB is updating the Home Mortgage Disclosure Act (HMDA) requirements with a new rule that will shine more light on lending practices in America’s largest consumer financial market, the mortgage market.
As part of our work to educate consumers to make informed financial decisions, we at the CFPB—along with the other members of the FFIEC—are committed to making HMDA data clear and available to you. Bringing transparency to the mortgage market can lead to the greater likelihood that similarly situated consumers receive similar loan terms.
Today, we’re issuing a final rule delaying the effective date for the Know Before You Owe mortgage disclosure rule to October 3, 2015. The Know Before You Owe rule will improve the way you’ll receive information about mortgage loans, both when applying for a loan and when you’re getting ready to close.