Mortgages, Regulation C

CFPB addresses its commitment to ensuring a fair mortgage market

Orrick, Herrington & Sutcliffe LLP on 7/17/2024

Recently, the CFPB released a blog post to remind mortgage lenders of its commitment to maintaining a fair, competitive, and nondiscriminatory market. The CFPB’s research found a small group of lenders and loan originators...more

Nutter Bank Report: June 2024

Nutter McClennen & Fish LLP on 6/28/2024

The CFPB, as part of its initiative to accelerate the shift to open banking in the United States, issued a final rule on June 5 that outlines the qualifications to become a recognized industry standard setting body, which can...more

CFPB adjusts asset-size exemption thresholds for Regulations C and Z

Orrick, Herrington & Sutcliffe LLP on 12/26/2023

On December 18, the CFPB adjusted the asset-size exemption thresholds for Regulation C (as part of the Home Mortgage Disclosure Act) and Regulation Z (as part of TILA), based on a 4.1 percent increase in the average...more

CFPB issues 2023 HMDA institutional and transactional coverage charts

Orrick, Herrington & Sutcliffe LLP on 3/27/2023

On March 15, the CFPB released the 2023 HMDA institutional and transactional coverage charts. The charts update the reporting thresholds for transactions that involve a closed-end mortgage loan, pursuant to an order issued...more

CFPB issues HMDA reference chart for 2023

Orrick, Herrington & Sutcliffe LLP on 2/10/2023

On February 9, the CFPB published the 2023 Reportable HMDA Data: A regulatory and reporting overview reference chart. The chart serves as a reference tool for data points that are required to be collected, recorded, and...more

Agencies remind banks of HMDA reporting changes on closed-end mortgages

Orrick, Herrington & Sutcliffe LLP on 2/3/2023

On February 1, the OCC reminded banks and OCC examiners that the loan origination threshold for reporting HMDA data on closed-end mortgages has changed due to a court decision issued last year, which addressed challenges made...more

CFPB adjusts annual dollar amount thresholds under TILA, HMDA regulations

Orrick, Herrington & Sutcliffe LLP on 1/6/2023

On December 21, the CFPB released a final rule revising the dollar amounts for provisions implementing TILA and its amendments that impact loans under the Home Ownership and Equity Protection Act of 1994 (HOEPA) and qualified...more

CFPB issues request for information regarding assessment of HMDA rule

Ballard Spahr LLP on 11/19/2021

Earlier this week, the CFPB issued a Request for Information (RFI) regarding an assessment of the significant amendments to the Home Mortgage Disclosure Act rules, known as Regulation C, adopted in October 2015 and...more

CFPB Will Assess the 2015 HMDA Rule and Not Pursue Other HMDA Rulemakings

Ballard Spahr LLP on 6/15/2021

In connection with the release of its latest semi-annual regulatory agenda, the CFPB announced that it will assess the October 2015 significant amendments to Regulation C under the Home Mortgage Disclosure Act (HMDA), and...more

CFPB Releases HMDA 2021 Regulatory and Reporting Reference Chart

Ballard Spahr LLP on 10/20/2020

The CFPB recently released a regulatory and reporting overview reference chart for Home Mortgage Disclosure Act (HMDA) data to be collected in 2021. ...more

CFPB Updates HMDA FAQs

Ballard Spahr LLP on 3/13/2020

The CFPB recently updated its Home Mortgage Disclosure Act (HMDA) FAQs, regarding the reporting of race, ethnicity and sex for applications taken by mail, internet or telephone. ...more

CFPB Updates HMDA Guide

Ballard Spahr LLP on 1/27/2020

As previously reported, in October 2019 the CFPB issued a final rule under the Home Mortgage Disclosure Act (HMDA) to...more

CFPB Issues Final HMDA Rule Incorporating Reporting Exemptions

Alston & Bird on 10/15/2019

A&B ABstract: In a final rule issued on October 10, 2019, the CFPB amended Regulation C under the Home Mortgage Disclosure Act to incorporate exemptions created by the Economic Growth, Regulatory Relief, and Consumer...more

CFPB's Latest Proposed Rulemaking (TILA/HMDA) Focused on Mortgage Markets

Manatt, Phelps & Phillips, LLP on 8/1/2019

It has been an unusually busy rule-making stretch for the consumer mortgage markets at the Consumer Financial Protection Bureau (CFPB or Bureau), marked by its issuance of an advanced notice of proposed rule-making (ANPR)...more

Home Mortgage Disclosure Act Amendments: CFPB Issues Two Regulation C Releases

Morrison & Foerster LLP on 5/7/2019

On May 2, 2019, the CFPB issued two releases related to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The CFPB released a notice of proposed rulemaking (NPRM) to adjust Regulation C’s loan volume...more

CFPB Revises HMDA Small Entity Compliance Guide

Ballard Spahr LLP on 10/31/2018

The CFPB recently issued a revised version of the Home Mortgage Disclosure (Regulation C) Small Entity Compliance Guide to reflect a partial exemption to Home Mortgage Disclosure Act (HMDA) requirements made by the Economic...more

CFPB adjusts HMDA data collection, TILA mortgage escrow thresholds

Ballard Spahr LLP on 12/27/2017

In notices published in today’s Federal Register, the CFPB adjusted the thresholds of the asset-size exemptions for collecting HMDA data and establishing an escrow account for certain mortgage loans under TILA....more

New Leadership: The CFPB Announces Its Plan to Reassess the CFPB’s 2015 HMDA Rule

Vedder Price on 12/22/2017

On December 21, 2017, under the direction of Acting Director Mick Mulvaney, the Consumer Financial Protection Bureau (the “CFPB”) announced that it intends to reopen the rulemaking process to reconsider various aspects of the...more

CFPB Issues Update to HMDA Small Entity Compliance Guide

Ballard Spahr LLP on 10/16/2017

The Consumer Financial Protection Bureau has issued a second version of the Home Mortgage Disclosure Act (Regulation C) Small Entity Compliance Guide. The updated version incorporates various changes to the HMDA rule that...more

CFPB Finalizes Alignment of Regulations B and C on Consumer Ethnicity and Race Information

Ballard Spahr LLP on 10/2/2017

On September 21, the CFPB finalized its proposal to amend Regulation B requirements related to collection of consumer ethnicity and race information, in order to resolve the differences between Regulation B and revised...more

Major Changes Looming for HMDA Reporting

Troutman Pepper on 9/27/2017

In this article, we review the requirements of the Home Mortgage Disclosure Act (HMDA), highlighting key aspects of the many new and revised rules that will go into effect on January 1, 2018....more

CFPB finalizes alignment of Regulation B and Regulation C requirements regarding collection of consumer ethnicity and race...

Ballard Spahr LLP on 9/22/2017

On September 21, the CFPB finalized its proposal to amend Regulation B requirements related to the collection of consumer ethnicity and race information, in order to resolve the differences between Regulation B and revised...more

Mortgages › Regulation C