CFPB turns its reg relief focus to HMDA

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The Bureau is publishing its Spring 2019 Agenda as part of the Spring 2019. in the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. to the home mortgage disclosure act (HMDA) which created partial. The Bureau is now focusing its attention on a regulatory provision (the.

New government monitoring information (gmi) demographic fields. On September 28, 2016 the CFPB issued a notice detailing its approval of the use of the new 2016 Uniform Residential Loan Application (URLA) for the expanded collection of information relating to ethnicity and race under the Home Mortgage Disclosure Act (HMDA).

Residential: CFPB’s proposed HMDA reform will provide relief to smaller lenders In a wave of announcements earlier this month, the Consumer Financial Protection Bureau (CFPB) outlined its plan to tackle Home Mortgage Disclosure Act (HMDA) reform.

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CFPB turns its reg relief focus to Home Mortgage Disclosure Act By Kate Berry Published – May 02 2019, 2:17pm EDT The Consumer financial protection bureau proposed steps Thursday to ease reporting requirements under the Home Mortgage Disclosure Act, just days after the agency announced it was eliminating an online platform for analyzing raw HMDA data.

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Warren W. Traiger was quoted on May 2, 2019 in a National mortgage news article, "CFPB turns its reg relief focus to HMDA," which discussed the Consumer Financial Protection Bureau’s steps to ease reporting requirements under the Home Mortgage Disclosure Act after the agency has previously announced it was eliminating HMDA Explorer.

Interviews and focus groups GAO conducted with representatives of over 60. CFPB and the consumer financial regulations for which it is responsible were.. In turn, some said this had begun to adversely affect some lending. HMDA reporting in 2016, and that its staff spent about 16 hours per week.

Congress enacted HMDA in 1975 to root out discrimination in mortgage lending. The CFPB and other prudential regulators use the data to examine and identify fair-lending violations. In a notice on its web site announcing the removal of HMDA Explorer, the CFPB said the FFIEC plans to make a new tool available in the coming months.