The Federal Reserve Board on Friday announced the agenda and panelists for the first of four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The event will be held July 15 at the Federal Reserve Bank of Atlanta.
HMDA requires lenders to provide detailed annual reports of their mortgage lending to regulators and the public. The hearings will help the Board gather information about whether its current regulations are working as intended and what changes might be needed.
The full Atlanta hearing agenda is available online at: http://www.federalreserve.gov/communitydev/hmda_agenda20100715.htm. Panelists include representatives from community and consumer organizations, mortgage lenders, researchers, and other interested parties. Members of the public are invited to express their opinions during an open-mike period. Sign up for the open-mike will be on a first-come, first-served basis the day of the event beginning at 8:00 a.m., and remarks will be limited to five minutes. Written statements of any length may be submitted for the record.
Additional hearings will be held on the following dates: * Thursday, August 5, at the Federal Reserve Bank of San Francisco * Thursday, Sept. 16, at the Federal Reserve Bank of Chicago * Friday, Sept. 24, at the Federal Reserve Board More information about the hearings, including instructions for submitting written comments, is available at: http://www.federalreserve.gov/communitydev/hmda_hearings.htm. Hearing details will be posted to this site they become available.
