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CFPB Seeks Comments on Mortgage Lending Information Resubmission Guidelines
On Thursday, January 7, 2016, the CFPB announced it is seeking public feedback on the resubmission of mortgage lending data reported under the Home Mortgage Disclosure Act (HMDA). In October of 2015 the Bureau finalized a rule updating the reporting requirements of the HMDA regulation. Given these changes, the current resubmission guidelines may need to be updated, and the Bureau is seeking feedback on what modifications may be appropriate. The Request for Information will be open for 60 days after publication in the Federal Register.