The CFPB today issued policy guidance on the loan-level Home Mortgage Disclosure Act data it will make available to the public under the revised HMDA data collection rules, which take effect in 2018.

The Consumer Financial Protection Bureau today modified the Equal Credit Opportunity Act (Regulation B) to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C).

As the Consumer Financial Protection Bureau prepares to implement Section 1071 of the Dodd-Frank Act -- which calls for the bureau to collect data on women-owned, minority-owned and small businesses -- ABA expressed concern today that the data collection will prove unable to fulfill its statutory objectives of providing insight on fair lending and community development needs.

To help facilitate the sharing of information between banks, regulators, consumers and other industry stakeholders, the Federal Financial Institutions Examination Council has launched a new outreach website.

The Equal Employment Opportunity Commission on Tuesday announced that it would postpone the effective date of changes to the EEO-1 report that were finalized last September while the Office of Management and Budget conducts a review to determine whether the revised form meets the standards of the Paperwork Reduction Act.

The American Bankers Association today responded to the regulatory agencies’ request for comment on further revisions to the Call Report that would simplify the report for banks by removing or consolidating a number of existing data items, reducing the reporting frequency for other data items and increasing certain reporting thresholds.

The Consumer Financial Protection Bureau today issued a final rule making several technical corrections and clarifications to the expanded data collection under Regulation C, which implements the Home Mortgage Disclosure Act, as well as temporarily raising the threshold at which banks are required to report data on home equity lines of credit.

The federal banking agencies today issued guidelines for how examiners will test the accuracy of data collected and reported by financial institutions under the Home Mortgage Disclosure Act.

In a comment letter to the Treasury department yesterday, ABA provided extensive feedback on several Bank Secrecy Act and anti-money laundering regulations that could be eliminated, modified or streamlined to reduce the compliance burden on banks in response to an executive order issued by President Trump earlier this year.

ABA and six state association CEOs yesterday met with staff from the Consumer Financial Protection Bureau’s research, markets and regulations division to discuss the implementation of section 1071 of the Dodd-Frank Act.