Deadline Set for CFPB Comment Request on Implementation of HMDA
As previously covered, to assess the effectiveness of CFPB Regulation C, the agency is seeking comment on:
institutional and transactional coverage that specifies closed-end and open-end thresholds;
transactional data points, including originations and purchases of mortgage loans;
the benefits of data acquired and related public disclosures; and
operational and compliance costs to the market.
The CFPB is also seeking recommendations on the specific methods and tools used to conduct the planned assessment of the HMDA.
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