Removing Barriers Blog

CFPB Extends Comment Deadline for HMDA ANPR
Posted June 27, 2019 by CUNA Advocacy

The CFPB announced that it is extending until October 15, 2019, the comment period on the Advance Notice of Proposed Rulemaking (ANPR) related to the Home Mortgage Disclosure Act (HMDA) data points. Comments were previously due on July 8, 2019.

According to its release, the Bureau’s extension is intended “to give interested parties an opportunity to review the Bureau’s annual overview of residential mortgage lending based on the HMDA data financial institutions collected in 2018.”  The ANPR, issued on May 2, 2019, solicits comment on certain data points in the Bureau’s October 2015 final rule that were added to Regulation C or revised to require additional information.

The Bureau also announced it will issue a Federal Register notice to reopen the comment period on certain aspects of the Notice of Proposed Rulemaking (NPRM) relating to HMDA reporting thresholds. The NPRM’s comment period closed on June 12, 2019.  CUNA submitted comments in response to the proposal calling for the Bureau to substantially increase the threshold for closed-end mortgage loans and make permanent the temporary reporting threshold for open-end lines of credit.