Federal Reserve to Hold Public Hearings on HMDA Changes
The Federal Reserve Board of Governors announced in April that it will hold a series of public hearings on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The act, signed into law in 1975, requires lending institutions to collect and report detailed public data about their lending activities.
A range of participating stakeholders
The Board of Governors said the hearings will serve three objectives:
Various types of statements accepted
The first hearing will be on July 15 at the Federal Reserve Bank of Atlanta, followed by August 5 at the Federal Reserve Bank of San Francisco, September 16 at the Federal Reserve Bank of Chicago, and September 24 at the Federal Reserve Board in Washington, DC.
The Board will update its Web site as more information about the public hearings becomes available.
May 19, 2010