Bureau Issues Guidance on HMDA Modifications

Jan 07, 2019
The Consumer Financial Protection Bureau issued final policy guidance outlining modifications it will apply to loan-level data reported under the Home Mortgage Data Act and Regulation C to protect applicant and borrower privacy.

The guidance applies to HMDA data compiled by financial institutions beginning in or after 2018 and made available to the public in 2019.

The bureau will commence a rulemaking this spring to identify more definitive data modifications under the balancing test and incorporate these modifications into a legislative rule.

Read the Guidance