On May 2, 2019, the CFPB issued two releases related to
Regulation C, which implements the Home Mortgage Disclosure Act
(HMDA). The CFPB released a notice of proposed rulemaking (NPRM) to
adjust Regulation C's loan volume thresholds that trigger HMDA
and to make other changes. Comments are due 30 days after
publication in the Federal Register. The CFPB also released an
advance notice of proposed rulemaking (ANPR) seeking comment on
whether it should propose to revise the data elements that covered
institutions must report. Comments are due 60 days from publication
in the Federal Register.
The NPRM – Institutional coverage.
Whether a lender must report HMDA data depends in part on whether
its loan volume met specific thresholds in the two preceding
calendar years. Regulation C provides two thresholds, one for
reporting closed-end loans and the other for reporting open-end
lines of credit. The NPRM proposes changes to both the closed-end
and open-end thresholds as
