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CFPB RIN: 3170-AA65 Publication ID: Fall 2016 
Title: ●Reconciling Equal Credit Opportunity Act (Regulation B) and Home Mortgage Disclosure Act (Regulation C) Ethnicity and Race Information Collection 

Regulation C currently requires financial institutions to collect and report information about the ethnicity and race, as well as certain other characteristics, of applicants and borrowers. In October of 2015, the Bureau issued a final rule amending Regulation C to implement amendments to the Home Mortgage Disclosure Act made by the Dodd-Frank Act. The rule will require financial institutions to permit applicants and borrowers to self-identify using disaggregated ethnic and racial categories beginning January 1, 2018. Regulation B also currently requires creditors to request and retain information about the ethnicity and race, as well as certain other characteristics, of applicants for certain dwelling-secured loans, but uses only aggregate ethnic and racial categories. The Bureau will be seeking comment on a proposal to amend Regulation B to reconcile how creditors may collect information about the ethnicity and race of applicants and to clarify how financial institutions and creditors subject to Regulation C and Regulation B may comply with both regulations.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1002   
Legal Authority: 15 U.S.C. 1691b   
Legal Deadline:  None
Action Date FR Cite
NPRM  03/00/2017 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
James Wylie
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700