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Advocacy Article

Proposed rule amending Regulation C

On July 24, 2015, the Bureau of Consumer Financial Protection (Bureau) published a proposed rule amending Regulation C to implement amendments to the Home Mortgage Disclosure Act (HMDA) made by section 1094 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Consistent with section 1094 of the Dodd-Frank Act, the Bureau proposes to add several new reporting requirements and to clarify several existing requirements. The Bureau is also proposing changes to institutional and transactional coverage under Regulation C.

Comments must be received on or before October 22, 2014.

3170-AA10, at http://www.regulations.gov.