CFPB Updates Rule Implementing HMDA Changes

Earlier this month, the Consumer Financial Protection Bureau (“CFPB”) issued a final rule changing Regulation C, which implements the Home Mortgage Disclosure Act (“HMDA”). If you are not aware, HMDA requires certain institutions to collect and disclose information about their mortgage lending activity. The final rule seeks to streamline certain existing requirements while also expanding the scope of the rule.

The final rule changes the types of institutions subject to Regulation C; types of transactions that are subject to Regulation C; specific information covered institutions are required to collect, record, and report; and processes for reporting and disclosing data. The CFPB has provided a number of helpful publications and updates to help institutions understand the changes that go into effect January 1, 2018.

The following chart available from the CFPB nicely summarizes the changes to Regulation C and HMDA:


Source: “HMDA Executive Summary,”


By R. Scott Adams

R. Scott Adams

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