List of articles

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...

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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...

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8 Key HMDA, Fair Lending, & CRA Developments in 2022

Let’s recap what has happened in 2022 on three different fronts: HMDA, fair lending, and CRA (the Community Reinvestment Act). I count eight important developments. These are listed in no particular order below: 1. In 2022, the FFIEC released new census tract...

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CRA (Community Reinvestment Act) State Laws

We all know the Community Reinvestment Act (CRA) was enacted in 1977. It requires banks to meet the needs of communities in which they do business with a specific emphasis on lending to low- and moderate-income borrowers and/or in low- and moderate-income census...

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2021 HMDA Data Now in LendingPatterns™

ComplianceTech Announces the Refresh of the Home Mortgage Disclosure Act Data in LendingPatterns to Include 2021 Data ComplianceTech today announces the refresh of the Home Mortgage Disclosure Act (HMDA) data in LendingPatterns™ to include the 2021 data as published...

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Brief Summary of 2021 Modified HMDA LARs

HMDA Data Summary The total number of rows in the 2021 Modified LARs (25.96 million) and the number of originated transactions (14.89 million), while very high by historical standards, are both around two percentage points higher than the 2020 Snapshot data. What is a...

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