On July 5, 2018, the Consumer Financial Protection Bureau (Bureau) released a statement on implementation of the Economic Growth, Regulatory Relief and Consumer Protection Act (Act) amendments to the Home Mortgage Disclosure Act. The statement essentially paves the way for additional guidance1 from the Bureau on how the Act will impact HMDA data collected in 2018, and how HMDA data will be formatted and submitted. The statement also noted that the agencies are retaining their diagnostic examination approach to evaluating the accuracy of HMDA data and adequacy of HMDA compliance processes for data collected in 2018 and reported in 2019. Let’s keep in mind: It’s not the clean break many thought it might be.