On October 13, 2015, the CFPB amended Regulation C expanding the reporting requirements.  Included in the changes were the definitions of covered institutions and covered transactions, changes to public requests, submission of reports, along with new and modified data fields – for a total of 48 fields.

The CFPB released its Compliance Guide that includes the key changes and effective dates of the new requirements, institutional and transactional coverage, and the reportable data, for Regulation C.

Along with the Guide, the CFPB also released an overview of the changes to the HMDA rule issued October 15, 2015, a reference on when to report data as not applicable, and a reference for HMDA data required to be collected, recorded and reported.  The release also includes coverage charts for 2017 and 2018 to help determine whether the credit union is required to abide by the new requirements.