Public hearings are being held on potential changes to the Home Mortgage Disclosure Act.
So far, the Federal Reserve Board has held two hearings on Regulation C, which implements HMDA. Mortgage lenders are required to submit HMDA data each year.
Thee hearings are being held to help determine whether current Fed regulations are working as intended and what changes might be needed.
A third hearing is scheduled for Sept. 16 in Chicago at the Federal Reserve Bank of Chicago.
Among the panelists on the agenda for the Chicago event are Daniel Sullivan, executive vice president and director of research at the Federal Reserve Bank of Chicago, and Elizabeth Duke, a member of the Fed’s Board of Governors. Panelists from consumer groups and educational institutions are scheduled for the event.
Among panelist from the lending industry are Quicken Loans Inc. Corporate Counsel Angelo Vitale, First Community Bank and Trust President and Chief Executive Officer Greg Ohlendorf, and State Bank of Cross Plains Vice President and Residential Lending Manager Dan Imhoff. Other industry panelists include Promontory Financial Group LLC Special Adviser Jeanine Catalano and Mike Long, EVP and chief credit officer at University of Wisconsin Credit Union.
An open microphone will be available to the public on a first-come first-service basis starting at 1 p.m. Comments will be limited to five minutes.
The fourth and final HMDA hearing is scheduled for Sept. 24 at the Federal Reserve Board in Washington, D.C.
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view Chicago event agenda
