The proposed legislation also would transfer authority for HMDA rulemaking from the Board of Governors to the new Consumer Financial Protection Bureau (CFPB). All information gleaned from these hearings will inform our rulewriting work.
When rulemaking authority transfers to the CFPB, be assured that we will hand over the most current thinking about changes to Regulation C. Over the course of four public hearings, held throughout the country, we will hear from key players in the home mortgage market: lenders and other market participants, academics and researchers, consumer advocacy and community development organizations, data experts, regulators, and other public officials.