Home Mortgage Disclosure (Regulation C) Data Points and Coverage; Extension of Comment Period, 31746-31747 [2019-14174]

Download as PDF 31746 Proposed Rules Federal Register Vol. 84, No. 128 Wednesday, July 3, 2019 This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1003 [Docket No. CFPB–2019–0020] RIN 3170–AA97 Home Mortgage Disclosure (Regulation C) Data Points and Coverage; Extension of Comment Period Bureau of Consumer Financial Protection. ACTION: Advance notice of proposed rulemaking; extension of comment period. AGENCY: On May 8, 2019, the Bureau of Consumer Financial Protection (Bureau) published in the Federal Register an Advance Notice of Proposed Rulemaking (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 or revised to require additional information. The ANPR also solicits comments relating to the requirement that institutions report certain business- or commercial-purpose transactions under Regulation C. The ANPR provided a 60-day comment period that will end on July 8, 2019. To allow interested persons more time to consider and submit their responses, the Bureau has determined that an extension of the comment period until October 15, 2019 is appropriate. DATES: The comment period for the ANPR published May 8, 2019, at 84 FR 20049, is extended. Responses must now be received on or before October 15, 2019. ADDRESSES: You may submit responsive information and other comments, identified by Docket No. CFPB–2019– 0020 or RIN 3170–AA97, by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. jspears on DSK30JT082PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 17:07 Jul 02, 2019 Jkt 247001 • Email: 2019-ANPR-HMDA@ cfpb.gov. Include Docket No. CFPB– 2019–0020 or RIN 3170–AA97 in the subject line of the message. • Mail: Comment Intake, Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20552. • Hand Delivery/Courier: Comment Intake, Bureau of Consumer Financial Protection, 1700 G Street NW, Washington, DC 20552. Instructions: When responding to a particular question, please note the question number at the top of the response. You are not required to answer all questions to receive consideration of your comments. The Bureau encourages the early submission of comments. All submissions should include the agency name and docket number or Regulatory Information Number (RIN) for this rulemaking. Because paper mail in the Washington, DC area and at the Bureau is subject to delay, commenters are encouraged to submit comments electronically. 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 1700 G Street NW, Washington, DC 20552, on official business days between the hours of 10:00 a.m. and 5:00 p.m. Eastern 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. Proprietary information or sensitive personal information, such as account numbers or Social Security numbers, or names of other individuals, should not be included. Submissions will not be edited to remove any identifying or contact information. The Bureau invites comment on all aspects of the ANPR from all interested parties. In the event that a respondent may have concerns about revealing proprietary or personal information, the Bureau welcomes comments from attorneys, consumer advocacy organizations, trade associations, or other representatives that do not identify their clients. FOR FURTHER INFORMATION CONTACT: Shaakira Gold-Ramirez, Counsel; or David Hixson, Senior Counsel, Office of Regulations, at 202–435–7700 or https:// PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 reginquiries.consumerfinance.gov/. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov. SUPPLEMENTARY INFORMATION: On May 2, 2019, the Bureau issued the ANPR. The ANPR was published in the Federal Register on May 8, 2019. The ANPR seeks comment, data, and information from the public relating to whether to make changes to the data points the Bureau’s October 2015 final rule implementing HMDA added to Regulation C or revised to require additional information. The ANPR also seeks comment, data, and information from the public relating to the requirement that institutions report certain business- or commercial-purpose transactions under Regulation C. The comment period for the ANPR was set to close on July 8, 2019. The Bureau has received multiple written requests asking that the Bureau extend the comment period. The requests indicated that additional time would enable interested parties to more thoroughly consider and respond to the questions presented in the ANPR. For example, a group of three industry trade associations asked that the Bureau extend the comment period from 60 to 90 days so that, among other things, they would have sufficient time to survey their members about the questions presented in the ANPR. A group of 18 consumer advocacy and other non-profit organizations asked that the Bureau reissue the ANPR and allow for a new 90-day comment period after the release of the national loan level dataset for the data collected by financial institutions in 2018 and the Bureau’s annual overview of residential mortgage lending based on that data (collectively, the 2018 HMDA Data).1 These organizations noted that 2018 was the first year that HMDA and Regulation C have required institutions to collect and report the data points that are the subject of the ANPR. The Bureau has balanced interested parties’ desire to have additional time to consider the issues raised in the ANPR, 1 With respect to the data collected by financial institutions in 2017, the national loan level dataset and the Bureau’s annual overview can be found on the Bureau’s website. See Bureau of Consumer Fin. Prot., ‘‘Data Point: 2017 Mortgage Market Activity and Trends’’ (May 7, 2018), https:// www.consumerfinance.gov/data-research/researchreports/cfpb-data-point-mortgage-market-activityand-trends/. E:\FR\FM\03JYP1.SGM 03JYP1 Federal Register / Vol. 84, No. 128 / Wednesday, July 3, 2019 / Proposed Rules gather data, and prepare their responses, with the need to proceed expeditiously to consider comments and determine whether to issue a proposed rule. The Bureau expects the 2018 HMDA Data to be released in late summer. In light of these factors, the Bureau believes that an extension of the ANPR comment period to October 15, 2019 is appropriate and will allow interested parties adequate time to consider the 2018 HMDA Data before submitting their comments on the ANPR. The Bureau does not, however, believe it is necessary or appropriate to reissue the ANPR with a new 90-day comment period. The ANPR comment period will now close October 15, 2019. Dated: June 24, 2019. Kathleen L. Kraninger, Director, Bureau of Consumer Financial Protection. [FR Doc. 2019–14174 Filed 7–2–19; 8:45 am] BILLING CODE 4810–AM–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Parts 25, 27, 29, 91, 121, 125, and 135 [Docket No.: FAA–2019–0491; Notice No. 19–09] RIN 2120–AK34 Interior Parts and Components Fire Protection for Transport Category Airplanes Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed rulemaking (NPRM). AGENCY: The FAA is proposing to amend certain airworthiness regulations for fire protection of interior compartments on transport category airplanes. This proposal would convert those flammability regulations from detailed, prescriptive requirements into simpler, performance-based standards. This proposal would divide these standards into two categories: Those designed to protect the airplane and its occupants from the hazards of in-flight fires, and those designed to protect the airplane and its occupants from the hazards caused by post-crash fires. In addition, this proposal would remove test methods from the regulations and allow applicants, in certain cases, to demonstrate compliance either without conducting tests or by providing independent substantiation of the flammability characteristics of a proposed material. This action is jspears on DSK30JT082PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 17:07 Jul 02, 2019 Jkt 247001 necessary to eliminate unnecessary testing, increase standardization, and improve safety. This proposal includes conforming changes to parts 27, 29, 91, 121, 125, and 135. DATES: Send comments on or before October 1, 2019. ADDRESSES: Send comments identified by docket number FAA–2019–0491 using any of the following methods: • Federal eRulemaking Portal: Go to http://www.regulations.gov and follow the online instructions for sending your comments electronically. • Mail: Send comments to Docket Operations, M–30; U.S. Department of Transportation (DOT), 1200 New Jersey Avenue SE, Room W12–140, West Building Ground Floor, Washington, DC 20590–0001. • Hand Delivery or Courier: Take comments to Docket Operations in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. • Fax: Fax comments to Docket Operations at (202) 493–2251. Privacy: In accordance with 5 U.S.C. 553(c), DOT solicits comments from the public to better inform its rulemaking process. DOT posts these comments, without edit, including any personal information the commenter provides, to www.regulations.gov, as described in the system of records notice (DOT/ALL– 14 FDMS), which can be reviewed at www.dot.gov/privacy. Docket: Background documents or comments received may be read at http://www.regulations.gov at any time. Follow the online instructions for accessing the docket or go to the Docket Operations in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: For questions concerning this action, contact Jeff Gardlin, AIR–600, Policy and Innovation Division, Aircraft Certification Service, Federal Aviation Administration, 2200 South 216th Street, Des Moines, WA 98198; telephone and fax (206) 231–3146; email Jeff.Gardlin@faa.gov. SUPPLEMENTARY INFORMATION: Authority for This Rulemaking The FAA’s authority to issue rules on aviation safety is found in Title 49 of the United States Code. Subtitle I, Section 106 describes the authority of the FAA Administrator. Subtitle VII, Aviation Programs, describes in more detail the scope of the agency’s authority. PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 31747 This rulemaking is issued under the authority described in Subtitle VII, Part A, Subpart III, Section 44701, ‘‘General Requirements.’’ Under that section, the FAA is charged with promoting safe flight of civil aircraft in air commerce by prescribing regulations and minimum standards for the design, material, construction, quality of work, and performance of aircraft that the Administrator finds necessary for safety in air commerce. This regulation is within the scope of that authority. It revises the safety standards for the flammability characteristics, and thus the design, material, and construction, of transport category airplanes. Table of Contents I. Overview of the Proposed Rule II. Background A. Statement of the Problem B. History C. Aviation Rulemaking Advisory Committee III. Discussion of the Proposal A. Flammability Testing Requirements 1. Bunsen Burner Test (Current § 25.853(a) and Part I of Appendix F to Part 25) 2. Oil Burner Test for Seat Cushions (Current § 25.853(c) and Part II of Appendix F to Part 25) 3. Heat Release Rate Test (Current § 25.853(d) and Part IV of Appendix F to Part 25) 4. Smoke Emissions Test (Current § 25.853(d) and Part V of Appendix F to Part 25) 5. Oil Burner Test for Cargo Compartment Liners (Current § 25.855(c) and Part III of Appendix F to Part 25) 6. Radiant Panel Test for Thermal/Acoustic Insulation (Current § 25.856(a) and Part VI of Appendix F to Part 25) 7. Oil Burner Test for Thermal/Acoustic Insulation (Current § 25.856(b) and Part VII of Appendix F to Part 25) 8. Radiant Heat Resistance Test for Escape Slides (§ 25.853(d)(5)) 9. Fire Containment Compliance of Waste Receptacles (Current § 25.853(h)) 10. Extensively Used Materials in Inaccessible Areas (Proposed § 25.853(c)(2)(i)) 11. Exclusions from Testing (Proposed § 25.853(e)) 12. Pass/Fail Criteria B. Reorganization of Appendix F to Part 25 1. General Structure 2. Hierarchy of Tests C. Conformal and Editorial Changes D. Advisory Material E. Application of §§ 21.17 F. Application of §§ 21.101 IV. Regulatory Notices and Analyses A. Regulatory Evaluation 1. Summary of Costs and Benefits 2. Who is potentially affected by this proposed rule? 3. Assumptions: 4. Benefits of This Rule 5. Costs of This Proposed Rule 6. Minimal to No Cost Provisions Including Conforming Changes E:\FR\FM\03JYP1.SGM 03JYP1

Agencies

[Federal Register Volume 84, Number 128 (Wednesday, July 3, 2019)]
[Proposed Rules]
[Pages 31746-31747]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-14174]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 84, No. 128 / Wednesday, July 3, 2019 / 
Proposed Rules

[[Page 31746]]



BUREAU OF CONSUMER FINANCIAL PROTECTION

12 CFR Part 1003

[Docket No. CFPB-2019-0020]
RIN 3170-AA97


Home Mortgage Disclosure (Regulation C) Data Points and Coverage; 
Extension of Comment Period

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Advance notice of proposed rulemaking; extension of comment 
period.

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

SUMMARY: On May 8, 2019, the Bureau of Consumer Financial Protection 
(Bureau) published in the Federal Register an Advance Notice of 
Proposed Rulemaking (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 or revised to 
require additional information. The ANPR also solicits comments 
relating to the requirement that institutions report certain business- 
or commercial-purpose transactions under Regulation C. The ANPR 
provided a 60-day comment period that will end on July 8, 2019. To 
allow interested persons more time to consider and submit their 
responses, the Bureau has determined that an extension of the comment 
period until October 15, 2019 is appropriate.

DATES: The comment period for the ANPR published May 8, 2019, at 84 FR 
20049, is extended. Responses must now be received on or before October 
15, 2019.

ADDRESSES: You may submit responsive information and other comments, 
identified by Docket No. CFPB-2019-0020 or RIN 3170-AA97, by any of the 
following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include Docket No. CFPB-
2019-0020 or RIN 3170-AA97 in the subject line of the message.
     Mail: Comment Intake, Bureau of Consumer Financial 
Protection, 1700 G Street NW, Washington, DC 20552.
     Hand Delivery/Courier: Comment Intake, Bureau of Consumer 
Financial Protection, 1700 G Street NW, Washington, DC 20552.
    Instructions: When responding to a particular question, please note 
the question number at the top of the response. You are not required to 
answer all questions to receive consideration of your comments. The 
Bureau encourages the early submission of comments.
    All submissions should include the agency name and docket number or 
Regulatory Information Number (RIN) for this rulemaking. Because paper 
mail in the Washington, DC area and at the Bureau is subject to delay, 
commenters are encouraged to submit comments electronically. 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 1700 G Street NW, Washington, DC 20552, on 
official business days between the hours of 10:00 a.m. and 5:00 p.m. 
Eastern 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. Proprietary information or sensitive personal information, 
such as account numbers or Social Security numbers, or names of other 
individuals, should not be included. Submissions will not be edited to 
remove any identifying or contact information.
    The Bureau invites comment on all aspects of the ANPR from all 
interested parties. In the event that a respondent may have concerns 
about revealing proprietary or personal information, the Bureau 
welcomes comments from attorneys, consumer advocacy organizations, 
trade associations, or other representatives that do not identify their 
clients.

FOR FURTHER INFORMATION CONTACT: Shaakira Gold-Ramirez, Counsel; or 
David Hixson, Senior Counsel, Office of Regulations, at 202-435-7700 or 
https://reginquiries.consumerfinance.gov/. If you require this document 
in an alternative electronic format, please contact 
[email protected].

SUPPLEMENTARY INFORMATION: On May 2, 2019, the Bureau issued the ANPR. 
The ANPR was published in the Federal Register on May 8, 2019. The ANPR 
seeks comment, data, and information from the public relating to 
whether to make changes to the data points the Bureau's October 2015 
final rule implementing HMDA added to Regulation C or revised to 
require additional information. The ANPR also seeks comment, data, and 
information from the public relating to the requirement that 
institutions report certain business- or commercial-purpose 
transactions under Regulation C.
    The comment period for the ANPR was set to close on July 8, 2019. 
The Bureau has received multiple written requests asking that the 
Bureau extend the comment period. The requests indicated that 
additional time would enable interested parties to more thoroughly 
consider and respond to the questions presented in the ANPR. For 
example, a group of three industry trade associations asked that the 
Bureau extend the comment period from 60 to 90 days so that, among 
other things, they would have sufficient time to survey their members 
about the questions presented in the ANPR. A group of 18 consumer 
advocacy and other non-profit organizations asked that the Bureau 
reissue the ANPR and allow for a new 90-day comment period after the 
release of the national loan level dataset for the data collected by 
financial institutions in 2018 and the Bureau's annual overview of 
residential mortgage lending based on that data (collectively, the 2018 
HMDA Data).\1\ These organizations noted that 2018 was the first year 
that HMDA and Regulation C have required institutions to collect and 
report the data points that are the subject of the ANPR.
---------------------------------------------------------------------------

    \1\ With respect to the data collected by financial institutions 
in 2017, the national loan level dataset and the Bureau's annual 
overview can be found on the Bureau's website. See Bureau of 
Consumer Fin. Prot., ``Data Point: 2017 Mortgage Market Activity and 
Trends'' (May 7, 2018), https://www.consumerfinance.gov/data-research/research-reports/cfpb-data-point-mortgage-market-activity-and-trends/.
---------------------------------------------------------------------------

    The Bureau has balanced interested parties' desire to have 
additional time to consider the issues raised in the ANPR,

[[Page 31747]]

gather data, and prepare their responses, with the need to proceed 
expeditiously to consider comments and determine whether to issue a 
proposed rule. The Bureau expects the 2018 HMDA Data to be released in 
late summer. In light of these factors, the Bureau believes that an 
extension of the ANPR comment period to October 15, 2019 is appropriate 
and will allow interested parties adequate time to consider the 2018 
HMDA Data before submitting their comments on the ANPR. The Bureau does 
not, however, believe it is necessary or appropriate to reissue the 
ANPR with a new 90-day comment period. The ANPR comment period will now 
---------------------------------------------------------------------------
close October 15, 2019.

    Dated: June 24, 2019.
Kathleen L. Kraninger,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2019-14174 Filed 7-2-19; 8:45 am]
 BILLING CODE 4810-AM-P