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.
The CFPB requested input on the effectiveness of the rules that implement the Home Mortgage Disclosure Act in order to maintain a "fair, competitive, and non-discriminatory mortgage market."
The CFPB extended the comment period for information concerning the costs and benefits of certain data reporting points under the Home Mortgage Disclosure Act rules.
The CFPB requested comment on a proposal "to raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit."
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