On May 8, 2019, the Bureau published in the Federal Register the ANPR soliciting comments relating to the data points the Bureau’s October 2015 final rule implementing the Home Mortgage Disclosure Act (HMDA) added to Regulation C. Many of the data points were added at the Bureau’s discretion rather than by statutory mandate. The ANPR also solicited comments relating to the requirement that institutions report certain business- or commercial-purpose transactions under Regulation C. WBA appreciated the Bureau’s decision to open the discussion concerning ongoing challenges financial institutions have experienced in attempting to fulfill the requirements implemented under Regulations C pursuant to the 2015 HMDA Rule. WBA asked the Bureau to eliminate all discretionary data points the Bureau added to HMDA data collection and reporting; however, if the Bureau is unwilling to do so, WBA asked that certain specific data points be eliminated. Read the comment letter here.