first_imgA few weeks ago the FFIEC held their annual Fair Lending Hot Topics webinar. If you have never listened into one of these, what happens is a group of prudential regulators all get together and tell us what we need to be looking out for. If you didn’t get the chance to attend, you can go here to find a recording of the webinar. You can also download the slides as well. I am not planning on doing a thesis on what they covered, but I do have a few quick points to touch on.Yes, HMDA is still coming. The Deputy Fair Lending Director of the CFPB’s Office of Fair Lending and Equal Opportunity covered a few things that you need to pay attention to. First, the error resubmission process has changed. If you haven’t had a chance to take a look at the new guidelines, I highly recommend that you do. This is how the examiners will be looking at your data, and it is a good double check for you right before you submit. Remember that HMDA errors are one of the biggest triggers for Fair Lending exams. As I mentioned in a previous blog, you will also want to take a look at the joint guidance from the OCC, FDIC, and FRB on prioritizing 37 key fields. They will also be publishing a new “Getting it Right” guide here shortly. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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