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CFPB RIN: 3170-AA85 Publication ID: Spring 2020 
Title: Public Release of Home Mortgage Disclosure Act Data 

This rule will facilitate further implementation of a statutory directive in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) that the Bureau modify or require modification of the public Home Mortgage Disclosure Act (HMDA) data for the purpose of protecting consumer privacy interests.  In its 2015 final rule to implement the Dodd-Frank Act amendments to HMDA, the Bureau adopted a balancing test to determine whether and how HMDA data should be modified prior to its disclosure to the public in order to protect applicant and borrower privacy while also fulfilling HMDA’s public disclosure purposes.  The Bureau sought comment in September 2017 on its proposed application of the balancing test to the 2018 data to be collected and reported by lenders, and issued final policy guidance in December 2018.  After consideration of stakeholder comments urging that the Bureau issue a legislative rule with its determinations concerning the disclosure of loan-level HMDA data, the Bureau decided to commence such a rulemaking.  Commencing a rulemaking to develop legislative rules will enable the Bureau to adopt a more definitive approach to disclosing HMDA data to the public in future years after considering new information concerning the privacy risks and benefits of disclosure of the HMDA data.  The Bureau expects to issue a Notice of Proposed Rulemaking in late summer 2020.  This timing corresponds with the Bureau’s expected timing for issuing a proposed rule addressing HMDA data points, so that stakeholders can concurrently consider and comment on collection and reporting of data points and public disclosure of those data points.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 1003   
Legal Authority: 12 U.S.C. 2801 to 2810   
Legal Deadline:  None
Action Date FR Cite
Proposed Policy Guidance  09/25/2017  82 FR 44586   
Final Policy Guidance  01/31/2019  84 FR 649   
NPRM  09/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 3170-AA64, Related to 3170-AA76, Related to 3170-AA97 
Agency Contact:
David Jacobs
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700