<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1863587697294894&amp;ev=PageView&amp;noscript=1">

| Phone: (704) 401-1730

The Regulatory Compliance Blog

The Regulatory Compliance & Growth Blog

Get the latest regulatory compliance news, consumer compliance insight, and growth strategies for your financial institution to succeed! If Fair Lending, CRA, HMDA, BSA/AML, UDAAP or branch strategy is a priority, this valuable blog is for you.

Blog Feature

Credit Unions  |  Fair Lending  |  Mortgage Lending  |  News & Tips

Have You Implemented These Fed Strategies for Managing the Fair Lending Risks of Digital Redlining?

Any time a regulator shares its observations of where violations are occurring and what you can do to prevent them, it’s worth taking note. This includes the Fed’s December 2019 Consumer Compliance Supervision Bulletin. The publication’s goal is to increase transparency into what the Fed is seeing in the consumer compliance arena and offer practical advice for reducing risk—and this month fair lending risk related to internet-based marketing takes a front seat.

Read More

Blog Feature

Credit Unions  |  Fair Lending  |  Mortgage Lending  |  News & Tips

FDIC & OCC Release CRA Notice of Proposed Rule Making: What May Be in Store for CRA

After months of speculation about modernizing the Community Reinvestment Act (CRA), the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp (FDIC) finally released their notice of proposed rulemaking for the regulation’s first overhaul in 25 years.

Read More
Data Analytics + Fair Lending: How It All Fits

Learn why data analysis is essential for Fair Lending compliance!

Get your copy of the perfect intro to Fair Lending analysis for beginners and experts alike.

Blog Feature

Credit Unions  |  Fair Lending  |  Mortgage Lending  |  News & Tips

Is HMDA for Small Business on Its Way?

(An update on Dodd-Frank’s Section 1071) Ever since Dodd-Frank was enacted in 2010, we’ve been waiting on the Consumer Financial Protection Bureau (CFPB) to implement Section 1071, which amended the Equal Opportunity Act to require financial institutions to collect and report information about credit applications submitted by small businesses and women-owned or minority-owned businesses.

Read More

Blog Feature

Credit Unions  |  Fair Lending  |  Mortgage Lending  |  News & Tips

Compliance Managed: Four Ways to Streamline a CMS

The requirements of a compliance management system (CMS) seem relatively simple. The primary functional regulators agree that there are three crucial elements of a good CMS: Board and management oversight of change management, risk management and corrective actions A formal compliance program with policies, procedures, training, monitoring and complaint responses An audit function

Read More

Blog Feature

Credit Unions  |  Fair Lending  |  HMDA  |  Mortgage Lending

NCUA: HMDA Violations Thrive in Weak CMSs

Why do Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) violations happen? Weaknesses in compliance management systems (CMSs), according to Matthew Nixon, program officer in the National Credit Union Administration’s (NCUA) Office of Consumer Financial Protection.

Read More

Blog Feature

Banks  |  CRA  |  Credit Unions  |  Fair Lending  |  HMDA  |  Mortgage Lending  |  News & Tips  |  Redlining  |  Risk Management

Fair Lending Risk: Do You Have a Seat at the Risk Management Table?

Your institution might be using compliance analytics software and services for Fair Lending, HMDA, CRA, or Redlining so that it can recognize risks, increase transparency and grow smartly. But are you making the most of that data from a risk management perspective? Not if that data is only used by the lending, credit, or compliance departments. While compliance and lending are the most closely linked to Fair Lending risk, the truth is that Fair Lending extends into many operational areas. From marketing to the location of new branches to M&A, Fair Lending risk has a role to play in decision making.  

Read More