Which body oversees the data collected under HMDA?

The body that oversees the data collected under the Home Mortgage Disclosure Act (HMDA) is the Consumer Financial Protection Bureau (CFPB). The CFPB is responsible for implementing and enforcing federal consumer financial laws, which includes overseeing the HMDA regulations.

HMDA requires lenders to collect, report, and disclose certain data about their mortgage lending practices to ensure transparency and to identify discriminatory lending patterns. The CFPB collects the HMDA data and uses it to monitor lending practices, conduct analyses, and enforce compliance with fair lending laws.

While the Federal Financial Institutions Examination Council plays a role in coordinating regulatory agencies and conducting examinations, it is the CFPB that specifically handles HMDA data in terms of ensuring that mortgage lenders adhere to the requirements and regulations associated with the act. This oversight is crucial for promoting equitable and fair access to credit in the mortgage lending process.