Regulatory News
CFPB Issues Public Statement on HMDA Compliance
December 21, 2018 HMDA, which was originally enacted in 1975, requires many lenders to report information with respect to applications they receive for certain types of mortgage loans and certain loans that they purchase. The Dodd-Frank Wall Street Reform and Consumer Protection Act directed the Bureau to expand the data collected and reported under HMDA to include additional information regarding, for example, mortgage loan underwriting and pricing, and authorized the Bureau to require other data. To that end, the Bureau issued a rule in 2015 that requires financial institutions to collect and report additional mortgage information beginning on January 1, 2018. In August 2017, the Bureau issued a final rule making technical corrections, clarifying certain reporting…
Agencies release list of distressed or underserved geographies
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2017 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition. Distressed nonmetropolitan middle-income geographies and underserved nonmetropolitan middle-income geographies are designated by the agencies in accordance with their CRA regulations. The criteria for designating these areas are available on the Federal Financial Institutions Examination Council (FFIEC) website (http://www.ffiec.gov/cra). The designations continue…
We are proposing changes to Regulation C to help industry comply and are looking for your feedback
Updated October 6, 2026. This 2017 proposal has since been finalized. The outcome, with dates taken from the Federal Register, is under What did the final rule change? at the end of this post. The original announcement follows unchanged. Today we released a proposal to amend Regulation C to provide certain clarifications that would help companies comply with their data reporting requirements. Regulation C implements the Home Mortgage Disclosure Act (HMDA). The Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose information about mortgages. HMDA was originally enacted by Congress in 1975. These public data are important because they help show whether lenders are serving the housing needs of their communities; they give…
CFPB Issues Proposal to Clarify Mortgage Data Rule
Updated October 6, 2026. This 2017 proposal has since been finalized. The outcome, with dates taken from the Federal Register, is under What did the final rule change? at the end of this post. The original announcement follows unchanged. Proposal Would Clarify Requirements and Help Companies Comply WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a proposal to facilitate compliance with the 2015 updates to the Home Mortgage Disclosure Act (HMDA) rule. The changes proposed today would help financial institutions comply with the 2015 HMDA Final Rule by clarifying the information they are required to collect and report about their mortgage lending. "The Home Mortgage Disclosure Act shines a much-needed spotlight on the mortgage market, which is the…
CFPB Issues Proposal to Provide Flexibility to Certain Mortgage Lenders in Collecting Information
Updated October 6, 2026. This 2017 proposal has since been finalized. The outcome, with dates taken from the Federal Register, is under What did the final rule change? at the end of this post. The original announcement follows unchanged. Proposed Rule Would Also Aid in Adoption of New Forms WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a proposal to amend Equal Credit Opportunity Act regulations to provide additional flexibility for mortgage lenders in the collection of consumer ethnicity and race information. The CFPB believes the proposed amendments will provide greater clarity to lenders regarding their obligations under the law, while promoting compliance with rules intended to ensure consumers are treated fairly. "This law is a key part of…
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- How to Benchmark Your CRA and HMDA Lending Against Peer Data
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- 2026 HMDA Data: Your Filing Checklist for the March 1, 2027 Deadline
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- How to Fix the 10 Most Common HMDA Edit Check Errors
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- What a Fair Lending Exam Actually Asks For
- Fair Servicing: What Examiners Test in Servicing Data, and How to Test It First
- What Actually Counts as a Small Business Loan Under Section 1071
- Section 1071 in 2026: What Lenders Need to Know About Small Business Lending Data
