The Latest DOJ Redlining Settlement: Lessons Learned

The US Department of Justice (DOJ) announced its Combatting Redlining Initiative in the fall of 2021.  Each redlining settlement provides a roadmap for lenders to follow to ensure that lending activity is adequately monitored.  Of utmost importance is ensuring that if...

ComplianceTech will attend ABA RCC Conference

ComplianceTech is excited to announce its participation in the upcoming American Bankers Association (ABA) Regulatory Compliance Conference from June 13-16, 2023. This conference is a premier event for regulatory compliance professionals in the banking industry, and...

Avoid Costly HMDA Data Submission Issues

The Consumer Financial Protection Bureau (CFPB) released the 2022 Modified LAR on March 20, 2023.  We are already finding data integrity issues in publicly released HMDA data.  Now is a great time to be sure your HMDA preparation and submission tool can help...

Understanding the New Small Business Lending Rule

The Consumer Financial Protection Bureau (CFPB) recently introduced a new rule regulating small business lending practices. The rule addresses concerns over predatory lending and ensures that small businesses have access to fair and transparent financing options. This...