Request for Information Regarding Home Mortgage Disclosure Act Resubmission Guidelines, 1405-1407 [2016-00442]

Download as PDF Federal Register / Vol. 81, No. 7 / Tuesday, January 12, 2016 / Notices to comply with a collection of information subject to the requirements of the Paperwork Reduction Act, unless that collection displays a currently valid OMB Control Number. SUPPLEMENTARY INFORMATION: Correction The National Oceanic and Atmospheric Administration published a document in the Federal Register of January 7, 2016, entitled Interagency Working Group on the Harmful Algal Bloom and Hypoxia Research and Control Amendments Act. The information concerning the webinar dates and WebEx information have been updated. Dated: January 6, 2016. Mary C. Erickson, Director, National Centers for Coastal Ocean Science, National Ocean Service, National Oceanic and Atmospheric Administration. [FR Doc. 2016–00390 Filed 1–11–16; 8:45 am] BILLING CODE 3510–22–P DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration Western Pacific Fishery Management Council; Public Meeting National Marine Fisheries Service (NMFS), National Oceanic and Atmospheric Administration (NOAA), Commerce. ACTION: Notice of a public meeting and hearing. AGENCY: The Western Pacific Fishery Management Council (Council) will hold a meeting of its Guam Mariana Archipelago Fishery Ecosystem Plan (FEP) Advisory Panel (AP) and Commonwealth of the Northern Mariana Islands (CNMI) Mariana Archipelago FEP AP Advisory Panel to discuss and make recommendations on fishery management issues in the Western Pacific Region. DATES: The Guam Mariana Archipelago FEP AP will meet on Thursday, January 28, 2015, between 6:30 p.m. and 9 p.m. and the CNMI Mariana Archipelago FEP AP will meet on Friday, January 29, 2015, between 6 p.m. and 9 p.m. All times listed are local island times. For specific times and agendas, see SUPPLEMENTARY INFORMATION. ADDRESSES: The Guam Mariana Archipelago FEP AP will meet at the Hilton Guam Resort and Spa, 202 Hilton Road, Tumon Bay, Guam, 96913. The CNMI Mariana Archipelago FEP AP will meet at the Fiesta Resort and Spa tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 20:14 Jan 11, 2016 Jkt 238001 Saipan, Saipan Beach Road, Garapan, Saipan, CNMI, 96950. FOR FURTHER INFORMATION CONTACT: Kitty M. Simonds, Executive Director, Western Pacific Fishery Management Council; telephone: (808) 522–8220. SUPPLEMENTARY INFORMATION: Public comment periods will be provided in the agenda. The order in which agenda items are addressed may change. The meetings will run as late as necessary to complete scheduled business. Schedule and Agenda for the Guam Mariana Archipelago FEP AP Meeting Thursday, January 28, 2016, 6:30 p.m.– 9 p.m. 1. Hafa Adai—Welcome and Introductions 2. Outstanding Council Action Items 3. Council Issues A. Council Program Review B. Pelagics Quota Transfer Information C. FEP Review D. Grant Opportunities 4. Council Projects in the Marianas A. Coral Reef Projects i. Stock Assessments Projects ii. Resource Mapping Projects B. Data Collection Projects i. Marine Recreational Information Program (MRIP) ii. Territorial Science Initiative (TSI) C. Community-based Projects i. Malesso Village Plan ii. Yigo Village Workshop 5. Mariana FEP Community Activities A. Guam FEP Community Calendar B. Guam AP Outreach Plan 6. Marianas FEP AP-Guam Issues A. Report of the Subpanels i. Island Fisheries Subpanel ii. Pelagic Fisheries Subpanel iii. Ecosystems and Habitat Subpanel iv. Indigenous Fishing Rights Subpanel B. Other Issues 7. Public Comment 8. Discussion and Recommendations 9. ‘‘At the End of the Day’’—Other Business Schedule and Agenda for the CNMI Mariana Archipelago FEP AP Meeting Friday, January 29, 2016, 6 p.m.–9 p.m. 1. Welcome and Introductions 2. Outstanding Council Action Items 3. Council Issues A. Council Program Review B. Pelagics Quota Transfer Information C. FEP Review D. Grant Opportunities 4. Council Projects in the Marianas A. Coral Reef Projects i. Stock Assessments Projects PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 1405 ii. Resource Mapping Projects B. Data Collection Projects i. MRIP ii. TSI C. Community-based Projects i. Northern Islands Village Workshop ii. Fishery Development 5. Mariana FEP Community Activities 6. Marianas FEP AP–CNMI Issues A. Report of the Subpanels i. Island Fisheries Subpanel ii. Pelagic Fisheries Subpanel iii. Ecosystems and Habitat Subpanel iv. Indigenous Fishing Rights Subpanel B. Other Issues 7. Public Comment 8. Discussion and Recommendations 9. Other Business Special Accommodations These meetings are physically accessible to people with disabilities. Requests for sign language interpretation or other auxiliary aids should be directed to Kitty M. Simonds, (808) 522–8220 (voice) or (808) 522– 8226 (fax), at least 5 days prior to the meeting date. Authority: 16 U.S.C. 1801 et seq. Dated: January 7, 2016. Tracey L. Thompson, Acting Deputy Director, Office of Sustainable Fisheries, National Marine Fisheries Service. [FR Doc. 2016–00368 Filed 1–11–16; 8:45 am] BILLING CODE 3510–22–P BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No.: CFPB–2015–0058] Request for Information Regarding Home Mortgage Disclosure Act Resubmission Guidelines Consumer Financial Protection Bureau. ACTION: Notice and request for information. AGENCY: The Consumer Financial Protection Bureau (Bureau) supervises and enforces compliance with the Home Mortgage Disclosure Act (HMDA) for certain financial institutions and maintains a resubmission schedule and guidelines (Resubmission Guidelines) describing when supervised institutions should correct and resubmit HMDA data. The Bureau is considering whether changes to its HMDA Resubmission Guidelines may be appropriate for HMDA data that will be submitted under recent amendments to Regulation C, which implements HMDA. The Bureau requests information from the public on what changes to the Bureau’s SUMMARY: E:\FR\FM\12JAN1.SGM 12JAN1 1406 Federal Register / Vol. 81, No. 7 / Tuesday, January 12, 2016 / Notices Resubmission Guidelines may be needed. Written comments must be received on or before March 14, 2016 to be assured of consideration. ADDRESSES: You may submit responsive information and other comments, identified by Docket No. CFPB–2015– 0058, by any of the following methods: • Electronic: http:// www.regulations.gov. Follow the instructions for submitting comments. • Mail: Monica Jackson, Office of the Executive Secretary, Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC 20552. • Hand Delivery/Courier: Monica Jackson, Office of the Executive Secretary, Consumer Financial Protection Bureau, 1275 First Street NE., Washington, DC 20552. Instructions: The Bureau encourages the early submission of comments. All submissions must include the document title and docket number. Because paper mail in the Washington, DC area and at the Bureau is subject to delay, commenters are encouraged to submit comments electronically. Please note the number associated with any question to which you are responding at the top of each response (you are not required to answer all questions to receive consideration of your comments). In general, all comments received will be posted without change to http://www.regulations.gov. In addition, comments will be available for public inspection and copying at 1275 First Street NE., Washington, DC 20002, on official business days between the hours of 10 a.m. and 5 p.m. Eastern Standard Time. You can make an appointment to inspect the documents by telephoning 202–435–7275. All submissions, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. Sensitive personal information, such as account numbers or Social Security numbers, should not be included. Submissions will not be edited to remove any identifying or contact information. DATES: For submission process questions please contact Monica Jackson, Office of Executive Secretary, at 202–435–7275. For inquires related to the substance of this request, please contact Tim Lambert, Senior Counsel, Office of Fair Lending and Equal Opportunity, at 202– 435–7523 or Timothy.Lambert@ cfpb.gov. tkelley on DSK3SPTVN1PROD with NOTICES FOR FURTHER INFORMATION CONTACT: Authority: 12 U.S.C. 5511(c). VerDate Sep<11>2014 20:14 Jan 11, 2016 Jkt 238001 HMDA and Regulation C require certain financial institutions to collect, report, and disclose data about originations and purchases of mortgage loans, as well as mortgage loan applications that do not result in originations.1 The Bureau previously published HMDA Resubmission Guidelines 2 which set forth examination procedures for HMDA transaction testing of institutions that the Bureau supervises to verify the accuracy of reported HMDA data and determine when institutions should be required to correct and resubmit their HMDA data. On October 15, 2015, the Bureau issued on its Web site a final rule amending Regulation C.3 In comments to the Bureau’s proposed changes to Regulation C, some commenters requested that the Bureau consider changes to its HMDA Resubmission Guidelines to reflect the expanded data the Bureau proposed to collect under Regulation C. Currently, the Bureau’s Resubmission Guidelines provide, among other things, that institutions reporting fewer than 100,000 loans or applications on the HMDA loan/application register (LAR) should be required to correct and resubmit HMDA data when errors are found in (1) ten percent or more of the HMDA LAR sample entries; or (2) five percent or more of sample entries within an individual data field. The Bureau’s Resubmission Guidelines instruct that institutions reporting 100,000 or more entries on the HMDA LAR should be required to correct and resubmit HMDA data when errors are found in (1) four percent or more of the HMDA LAR sample entries; or (2) between two and four percent of the sample entries within an individual data field. The Resubmission Guidelines note that resubmission may be required even if sample error rates are below the specified thresholds if the errors make analysis of the institution’s lending unreliable. SUPPLEMENTARY INFORMATION: 1 12 U.S.C. 2801–2810; 12 CFR part 1003. Examination Procedures, HMDA Resubmission Schedule and Guidelines, available at http://files.consumerfinance.gov/f/201310_cfpb_ hmda_resubmission-guidelines_fair-lending.pdf; CFPB Bulletin 2013–11, Home Mortgage Disclosure Act (HMDA) and Regulation C—Compliance Management; CFPB HMDA Resubmission Schedule and Guidelines; and HMDA Enforcement (Oct. 9, 2013), available at http:// files.consumerfinance.gov/f/201310_cfpb_hmda_ compliance-bulletin_fair-lending.pdf. See also CFPB Supervisory Highlights 19 (Fall 2014), available at http://files.consumerfinance.gov/f/ 201410_cfpb_supervisory-highlights_fall-2014.pdf (noting that Bureau staff will follow the HMDA Resubmission Guidelines published in 2013 for reviews of 2014 and subsequent HMDA data). 3 The HMDA final rule was published in the Federal Register on October 28, 2015. 80 FR 66,128 (Oct. 28, 2015). 2 CFPB PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 The Bureau requests information on what modifications to the Bureau’s Resubmission Guidelines may be appropriate for the data that will be reported under the amendments made to Regulation C in the Bureau’s final rule. In particular, the Bureau asks commenters to respond to the following questions: 1. Should the Bureau continue to use error percentage thresholds to determine the need for data resubmission? If not, how else may the Bureau ensure data integrity and compliance with HMDA and Regulation C? 2. If the Bureau retains error percentage thresholds, should the thresholds be calculated differently than they are today? If so, how and why? 3. If the Bureau retains error percentage thresholds, should it continue to maintain separate error thresholds for the entire HMDA LAR sample and individual data fields within the LAR sample? If not, why? 4. If the Bureau retains error percentage thresholds, should it continue to provide different thresholds for institutions with different LAR sizes? If so, what thresholds should the Bureau apply to which LAR sizes? Specifically, should the Bureau retain the stricter resubmission thresholds it applies to institutions with 100,000 or more LAR entries? If not, should distinct error thresholds be based on criteria other than LAR size? 5. If the Bureau retains error percentage thresholds, should it apply different thresholds to different HMDA data fields? If so, on what basis could the Bureau distinguish one kind or type of HMDA data field from another? If, for example, the Bureau were to identify certain data fields as ‘‘key fields’’ that are held to a more stringent resubmission standard than other fields, how could the Bureau determine which fields are ‘‘key’’ and determine the appropriate threshold? 6. If the Bureau retains error percentage thresholds, should it treat systemic errors differently from nonsystemic errors? If so, how should the Bureau distinguish between systemic and non-systemic errors? 7. Should the Bureau separately survey a financial institution’s internal data for HMDA-reportable transactions that were omitted from the institution’s HMDA LAR? If so, how should the Bureau conduct the survey and determine when omissions require correction and resubmission? 8. Should the Bureau, for some kinds or types of errors, require that an institution correct and resubmit its HMDA submission and, for other kinds or types of errors, require only that the E:\FR\FM\12JAN1.SGM 12JAN1 Federal Register / Vol. 81, No. 7 / Tuesday, January 12, 2016 / Notices institution ensure such errors are not found in future HMDA submissions? If so, how should the Bureau decide when correction and resubmission of the HMDA LAR is necessary? 9. Should the Bureau’s HMDA review procedures or guidelines address circumstances in which HMDA data are reported by several financial institutions that have an affiliate and/or subsidiary relationship with each other? If so, how? 10. Are any changes needed in how the Bureau selects HMDA samples to conduct HMDA data integrity reviews? If so, what changes are needed and why? 11. Are any other changes needed in the manner in which the Bureau conducts its HMDA data integrity reviews? If so, what changes are needed and why? 12. Are there any technological or other changes that could be made to the HMDA data collection system or to the process by which it applies edits to identify possible errors that could help HMDA reporters reduce the frequency of errors or otherwise promote data integrity? To the extent possible, please provide a detailed explanation of any views expressed. For example, if a commenter suggests that an error threshold should be changed or apply to only certain HMDA data fields, the Bureau would be interested to understand how the commenter arrived at the suggestion. The Bureau encourages commenters to explain how any suggested changes to the Resubmission Guidelines could change HMDA compliance costs. Furthermore, the Bureau is interested in any comments regarding how changes to the Resubmission Guidelines may affect the reliability or usefulness of HMDA data. The Bureau anticipates that it will not separately propose and solicit public comment on any specific changes to its Resubmission Guidelines before finalizing and publishing the changes. Dated: December 17, 2015. Richard Cordray, Director, Bureau of Consumer Financial Protection. tkelley on DSK3SPTVN1PROD with NOTICES [FR Doc. 2016–00442 Filed 1–11–16; 8:45 am] BILLING CODE 4810–AM–P VerDate Sep<11>2014 20:14 Jan 11, 2016 Jkt 238001 DEPARTMENT OF DEFENSE Office of the Secretary Defense Intelligence Agency National Intelligence University Board of Visitors; Notice of Federal Advisory Committee Meeting Department of Defense, Defense Intelligence Agency, National Intelligence University. ACTION: Notice of closed meeting. AGENCY: The Department of Defense is publishing this notice to announce that the following Federal Advisory Committee meeting of the National Intelligence University Board of Visitors has been scheduled. The meeting is closed to the public. DATES: Tuesday, January 19, 2016 (7:30 a.m. to 5:00 p.m.) and Wednesday, January 20, 2016 (7:30 a.m. to 1:30 p.m.). SUMMARY: Defense Intelligence Agency 7400 Pentagon, ATTN: NIU, Washington, DC 20301–7400. FOR FURTHER INFORMATION CONTACT: Dr. David R. Ellison, President, DIA National Intelligence University, Washington, DC 20340–5100, Phone: (202) 231–3344. SUPPLEMENTARY INFORMATION: Due to circumstances beyond the control of the Designated Federal Officer and the Department of Defense, the National Intelligence University Board of Visitors was unable to provide public notification of its meeting of January 19–20, 2016, as required by 41 CFR 102–3.150(a). Accordingly, the Advisory Committee Management Officer for the Department of Defense, pursuant to 41 CFR 102–3.150(b), waives the 15calendar day notification requirement. Purpose: The Board will discuss several current critical intelligence issues and advise the Director, DIA, as to the successful accomplishment of the mission assigned to the National Intelligence University. Agenda: The following topics are listed on the National Intelligence University Board of Visitors meeting agenda: Welcome; Bethesda Campus (Update, Slide Presentation, Risk Assessment); Faculty Senate; Accreditation Update (JPME, Substantive Change; 2018 Decennial Review); Strategic Planning; Strategic Initiatives (Blended Learning, Research Agendas, Marketing); Strategic Guidance Update; College Concentrations; Cyber Data and Analytics; Executive Session; Office of Research; Alumni Association; and Board Business (Honorary Degrees, ADDRESSES: PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 1407 Meeting Schedule, Succession Planning). The entire meeting is devoted to the discussion of classified information as defined in 5 U.S.C. 552b(c)(1) and therefore will be closed. Pursuant to 41 CFR 102–3.105(j) and 102–3.140, and section 10(a)(3) of the Federal Advisory Committee Act of 1972, the public or interested organizations may submit written statements to the National Intelligence University Board of Visitors about its mission and functions. Written statements may be submitted at any time or in response to the stated agenda of a planned meeting of the National Intelligence University Board of Visitors. All written statements shall be submitted to the Designated Federal Officer for the National Intelligence University Board of Visitors, and this individual will ensure that the written statements are provided to the membership for their consideration. Contact information for the Designated Federal Officer can be obtained from the GSA’s FACA Database—http:// www.facadatabase.gov/. Dated: January 7, 2016. Aaron Siegel, Alternate OSD Federal Register Liaison Officer, Department of Defense. [FR Doc. 2016–00380 Filed 1–11–16; 8:45 am] BILLING CODE 5001–06–P DEPARTMENT OF EDUCATION [Docket No.: ED–2015–ICCD–0124] Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Integrated Postsecondary Education Data System (IPEDS) 2015–2016 Pension Liabilities Update National Center for Education Statistics (NCES), Department of Education (ED). ACTION: Notice. AGENCY: In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 3501 et seq.), ED is proposing an extension of an existing information collection. DATES: Interested persons are invited to submit comments on or before February 11, 2016. ADDRESSES: To access and review all the documents related to the information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED– 2015–ICCD–0124. Comments submitted in response to this notice should be submitted electronically through the SUMMARY: E:\FR\FM\12JAN1.SGM 12JAN1

Agencies

[Federal Register Volume 81, Number 7 (Tuesday, January 12, 2016)]
[Notices]
[Pages 1405-1407]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-00442]


=======================================================================
-----------------------------------------------------------------------

BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No.: CFPB-2015-0058]


Request for Information Regarding Home Mortgage Disclosure Act 
Resubmission Guidelines

AGENCY: Consumer Financial Protection Bureau.

ACTION: Notice and request for information.

-----------------------------------------------------------------------

SUMMARY: The Consumer Financial Protection Bureau (Bureau) supervises 
and enforces compliance with the Home Mortgage Disclosure Act (HMDA) 
for certain financial institutions and maintains a resubmission 
schedule and guidelines (Resubmission Guidelines) describing when 
supervised institutions should correct and resubmit HMDA data. The 
Bureau is considering whether changes to its HMDA Resubmission 
Guidelines may be appropriate for HMDA data that will be submitted 
under recent amendments to Regulation C, which implements HMDA. The 
Bureau requests information from the public on what changes to the 
Bureau's

[[Page 1406]]

Resubmission Guidelines may be needed.

DATES: Written comments must be received on or before March 14, 2016 to 
be assured of consideration.

ADDRESSES: You may submit responsive information and other comments, 
identified by Docket No. CFPB-2015-0058, by any of the following 
methods:
     Electronic: http://www.regulations.gov. Follow the 
instructions for submitting comments.
     Mail: Monica Jackson, Office of the Executive Secretary, 
Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC 
20552.
     Hand Delivery/Courier: Monica Jackson, Office of the 
Executive Secretary, Consumer Financial Protection Bureau, 1275 First 
Street NE., Washington, DC 20552.
    Instructions: The Bureau encourages the early submission of 
comments. All submissions must include the document title and docket 
number. Because paper mail in the Washington, DC area and at the Bureau 
is subject to delay, commenters are encouraged to submit comments 
electronically. Please note the number associated with any question to 
which you are responding at the top of each response (you are not 
required to answer all questions to receive consideration of your 
comments). In general, all comments received will be posted without 
change to http://www.regulations.gov. In addition, comments will be 
available for public inspection and copying at 1275 First Street NE., 
Washington, DC 20002, on official business days between the hours of 10 
a.m. and 5 p.m. Eastern Standard Time. You can make an appointment to 
inspect the documents by telephoning 202-435-7275.
    All submissions, including attachments and other supporting 
materials, will become part of the public record and subject to public 
disclosure. Sensitive personal information, such as account numbers or 
Social Security numbers, should not be included. Submissions will not 
be edited to remove any identifying or contact information.

FOR FURTHER INFORMATION CONTACT: For submission process questions 
please contact Monica Jackson, Office of Executive Secretary, at 202-
435-7275. For inquires related to the substance of this request, please 
contact Tim Lambert, Senior Counsel, Office of Fair Lending and Equal 
Opportunity, at 202-435-7523 or Timothy.Lambert@cfpb.gov.

    Authority: 12 U.S.C. 5511(c).


SUPPLEMENTARY INFORMATION: HMDA and Regulation C require certain 
financial institutions to collect, report, and disclose data about 
originations and purchases of mortgage loans, as well as mortgage loan 
applications that do not result in originations.\1\ The Bureau 
previously published HMDA Resubmission Guidelines \2\ which set forth 
examination procedures for HMDA transaction testing of institutions 
that the Bureau supervises to verify the accuracy of reported HMDA data 
and determine when institutions should be required to correct and 
resubmit their HMDA data. On October 15, 2015, the Bureau issued on its 
Web site a final rule amending Regulation C.\3\ In comments to the 
Bureau's proposed changes to Regulation C, some commenters requested 
that the Bureau consider changes to its HMDA Resubmission Guidelines to 
reflect the expanded data the Bureau proposed to collect under 
Regulation C.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 2801-2810; 12 CFR part 1003.
    \2\ CFPB Examination Procedures, HMDA Resubmission Schedule and 
Guidelines, available at http://files.consumerfinance.gov/f/201310_cfpb_hmda_resubmission-guidelines_fair-lending.pdf; CFPB 
Bulletin 2013-11, Home Mortgage Disclosure Act (HMDA) and Regulation 
C--Compliance Management; CFPB HMDA Resubmission Schedule and 
Guidelines; and HMDA Enforcement (Oct. 9, 2013), available at http://files.consumerfinance.gov/f/201310_cfpb_hmda_compliance-bulletin_fair-lending.pdf. See also CFPB Supervisory Highlights 19 
(Fall 2014), available at http://files.consumerfinance.gov/f/201410_cfpb_supervisory-highlights_fall-2014.pdf (noting that Bureau 
staff will follow the HMDA Resubmission Guidelines published in 2013 
for reviews of 2014 and subsequent HMDA data).
    \3\ The HMDA final rule was published in the Federal Register on 
October 28, 2015. 80 FR 66,128 (Oct. 28, 2015).
---------------------------------------------------------------------------

    Currently, the Bureau's Resubmission Guidelines provide, among 
other things, that institutions reporting fewer than 100,000 loans or 
applications on the HMDA loan/application register (LAR) should be 
required to correct and resubmit HMDA data when errors are found in (1) 
ten percent or more of the HMDA LAR sample entries; or (2) five percent 
or more of sample entries within an individual data field. The Bureau's 
Resubmission Guidelines instruct that institutions reporting 100,000 or 
more entries on the HMDA LAR should be required to correct and resubmit 
HMDA data when errors are found in (1) four percent or more of the HMDA 
LAR sample entries; or (2) between two and four percent of the sample 
entries within an individual data field. The Resubmission Guidelines 
note that resubmission may be required even if sample error rates are 
below the specified thresholds if the errors make analysis of the 
institution's lending unreliable.
    The Bureau requests information on what modifications to the 
Bureau's Resubmission Guidelines may be appropriate for the data that 
will be reported under the amendments made to Regulation C in the 
Bureau's final rule. In particular, the Bureau asks commenters to 
respond to the following questions:
    1. Should the Bureau continue to use error percentage thresholds to 
determine the need for data resubmission? If not, how else may the 
Bureau ensure data integrity and compliance with HMDA and Regulation C?
    2. If the Bureau retains error percentage thresholds, should the 
thresholds be calculated differently than they are today? If so, how 
and why?
    3. If the Bureau retains error percentage thresholds, should it 
continue to maintain separate error thresholds for the entire HMDA LAR 
sample and individual data fields within the LAR sample? If not, why?
    4. If the Bureau retains error percentage thresholds, should it 
continue to provide different thresholds for institutions with 
different LAR sizes? If so, what thresholds should the Bureau apply to 
which LAR sizes? Specifically, should the Bureau retain the stricter 
resubmission thresholds it applies to institutions with 100,000 or more 
LAR entries? If not, should distinct error thresholds be based on 
criteria other than LAR size?
    5. If the Bureau retains error percentage thresholds, should it 
apply different thresholds to different HMDA data fields? If so, on 
what basis could the Bureau distinguish one kind or type of HMDA data 
field from another? If, for example, the Bureau were to identify 
certain data fields as ``key fields'' that are held to a more stringent 
resubmission standard than other fields, how could the Bureau determine 
which fields are ``key'' and determine the appropriate threshold?
    6. If the Bureau retains error percentage thresholds, should it 
treat systemic errors differently from non-systemic errors? If so, how 
should the Bureau distinguish between systemic and non-systemic errors?
    7. Should the Bureau separately survey a financial institution's 
internal data for HMDA-reportable transactions that were omitted from 
the institution's HMDA LAR? If so, how should the Bureau conduct the 
survey and determine when omissions require correction and 
resubmission?
    8. Should the Bureau, for some kinds or types of errors, require 
that an institution correct and resubmit its HMDA submission and, for 
other kinds or types of errors, require only that the

[[Page 1407]]

institution ensure such errors are not found in future HMDA 
submissions? If so, how should the Bureau decide when correction and 
resubmission of the HMDA LAR is necessary?
    9. Should the Bureau's HMDA review procedures or guidelines address 
circumstances in which HMDA data are reported by several financial 
institutions that have an affiliate and/or subsidiary relationship with 
each other? If so, how?
    10. Are any changes needed in how the Bureau selects HMDA samples 
to conduct HMDA data integrity reviews? If so, what changes are needed 
and why?
    11. Are any other changes needed in the manner in which the Bureau 
conducts its HMDA data integrity reviews? If so, what changes are 
needed and why?
    12. Are there any technological or other changes that could be made 
to the HMDA data collection system or to the process by which it 
applies edits to identify possible errors that could help HMDA 
reporters reduce the frequency of errors or otherwise promote data 
integrity?

To the extent possible, please provide a detailed explanation of any 
views expressed. For example, if a commenter suggests that an error 
threshold should be changed or apply to only certain HMDA data fields, 
the Bureau would be interested to understand how the commenter arrived 
at the suggestion. The Bureau encourages commenters to explain how any 
suggested changes to the Resubmission Guidelines could change HMDA 
compliance costs. Furthermore, the Bureau is interested in any comments 
regarding how changes to the Resubmission Guidelines may affect the 
reliability or usefulness of HMDA data.
    The Bureau anticipates that it will not separately propose and 
solicit public comment on any specific changes to its Resubmission 
Guidelines before finalizing and publishing the changes.

    Dated: December 17, 2015.
Richard Cordray,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2016-00442 Filed 1-11-16; 8:45 am]
BILLING CODE 4810-AM-P