Circular
Federal Reserve Announces Discussion Topics for Public Hearings on Home Mortgage Disclosure Act
June 18, 2010
Circular No. 12220

The Federal Reserve Board has announced the discussion topics for its upcoming public hearings on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). Members of the Board's Consumer Advisory Council, who represent consumer and community organizations, the financial services industry, academic institutions and state agencies, will join Board officials in presiding at the hearings.

The hearings will help the Board gather information about whether its current regulations are working as intended and what changes might be needed. Specific discussion topics will include:

  • Data elements. Should the Board add, modify or delete any of the data elements institutions are required to report under the act?
  • Coverage. Should the Board make changes to the rules regarding which types of institutions are required to report HMDA data?
  • Other Issues. What emerging issues in the mortgage market are likely to affect the usefulness and accuracy of HMDA data? What other changes to Regulation C should the Board consider?

The hearings will be held on the following dates:

  • Thursday, July 15, 2010, at the Federal Reserve Bank of Atlanta
  • Thursday, August 5, 2010, at the Federal Reserve Bank of San Francisco
  • Thursday, September 16, 2010, at the Federal Reserve Bank of Chicago
  • Friday, September 24, 2010, at the Federal Reserve Board

Consumers, community and consumer organizations, mortgage lenders and other interested parties will be invited to participate in the hearings. Other interested parties may deliver oral statements of five minutes or less during an open-mike period. Written statements of any length may be submitted for the record. More information about each hearing, including how to register for the open-mike period, will be posted on the Board's website as it becomes available.

See press release for full details.

Press release offsite
Federal Reserve Board website offsite