Which regulatory body implements HMDA?

The Home Mortgage Disclosure Act (HMDA) is a significant piece of legislation aimed at providing the public and government officials with more information about mortgage lending. Its overarching goal is to ensure transparency in the mortgage process and to combat discrimination in lending practices.

The regulatory body that implements HMDA is the Consumer Financial Protection Bureau (CFPB). Since its establishment, the CFPB has taken on the responsibility for enforcing and overseeing compliance with HMDA regulations. This includes collecting data on mortgage applications, loans, and other related information, allowing communities and policymakers to assess whether banks are serving the needs of their local housing markets.

The other options listed, such as the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, while significant regulatory bodies in their own rights with various responsibilities related to financial institutions, do not hold the implementation authority over HMDA. Their roles may involve aspects of banking regulation and oversight, but the specific task of enforcing HMDA falls solely under the jurisdiction of the CFPB, making it the correct answer.