On June 27, 2019, 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. The deadline for comments has been extended to October 15,
2019.
The 2015 Rule’s Expansion of HMDA
The Bureau’s 2015 Rule added 27 new data points to the
HMDA data required to be reported and revised 5 existing data
points. Roughly half of the new data points were mandated by the
Dodd Frank Act, however, the remaining half were added by the CFPB
using its discretionary authority. The 2015 Rule also expanded
HMDA’s coverage to additional lenders and expanded the types
of transactions covered by HMDA.
