Small business review panel for Home Mortgage Disclosure Act rulemaking

In light of the various Dodd-Frank Act requirements and private market data standards initiatives, the Bureau believes that it is important to begin a broad public dialog about the HMDA rulemaking at this time and to use implementation of the new HMDA requirements as an opportunity to comprehensively review the HMDA reporting regime. In particular, the Bureau seeks to assess whether there are opportunities to improve upon the data collected, reduce unnecessary burden on financial institutions, and, as appropriate, to modernize and streamline the manner in which FIs collect and report data.

Full report

Final report of the Small Business Review Panel on the CFPB’s Proposals Under Consideration for the Home Mortgage Disclosure Act (HMDA) rulemaking

Panel documents

Factsheet about the changes the CFPB is considering

Outline of proposals under consideration and alternatives considered

Discussion issues for small entity representatives

Press release: CFPB Takes Steps to Improve Information About Access to Credit in the Mortgage Market