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
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