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...

Key Questions to Ask about CRA Submission Software

Compliance with the Community Reinvestment Act (CRA) is essential for financial institutions that want to remain in good standing with regulators and the communities they serve. The CRA requires banks and other lenders to meet the credit needs of the communities in...

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...