The Bureau of Consumer Financial Protection (CFPB) has announced that it does not intend to require data resubmission for HMDA data collected in 2018 and reported in 2019, unless data errors are material. The announcement also states that CFPB will not assess penalties for errors in HMDA data collected in 2018 and reported in 2019. This announcement was made in recognition of the January 1, 2018 effective date of amendments to Regulation C and the operational challenges to implement the revised regulation.

CFPB’s Announcement.