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CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
What
has Changed and What’s Stayed the Same?
The
CFPB’s 2018 HMDA rules are now in effect, although both the OCC CFPB have
announced that enforcement of the new rules will be delayed at least a
year. What exactly does this mean? As well, the Dodd-Frank reform bill
recently signed into law (S. 2155) makes some important changes to the
rules, especially for small reporters. Will this have an impact on your
reporting for 2019?
The new
rules expand what types of loans are covered, and many more data elements
are now to be collected. There are also some important changes to
definitions and some new clarifications and exceptions, several of which
are flying below the radar. As well, the submission and disclosure
processes will change, to the new CFPB online method. What do the CFPB’s
announcements mean? Short story is don’t change your processes just yet,
but there are some things to keep in mind. As well, the existing HMDA data
elements must still be collected and submitted properly. We’ll discuss the
current state of HMDA in this session, as well as what to look forward to
in the future, and get some of your questions answered.
Covered
Topics:
- S. 2155 changes to HMDA – impact to small reporters
- The OCC’s and CFPB’s announcements about the new
HMDA rule and delays in enforcement – what does all this mean and what
should we do?
- Details of the new coverage rules – who collects
and submits information, and when
- What types of loans are reportable now
- The new dwelling-secured loan standard – what does
this impact?
- New clarifications and definitions
- Changes in the commercial loan area
- How to handle HELOCs
- New LAR fields – moving to 53 fields, but with many
additional data requirements
- New categories of reporting, including information
on the property, loan type, and loan features; plus identification
information (new subcategories)
- Changes on how GMI is reported
- Changes to the submission process
- Quarterly reporting for some institutions
- How the public obtains HMDA information changes
- Practical and compliance implications
This
webinar is a breakout session from the Core Compliance Suite. A
subscription to the Core Compliance Suite (CCS) includes a quarterly,
two-hour webinar focused on the most recent changes to the compliance
landscape as well as access to six core compliance webinars presented by Carl
Pry which are essential to your annual compliance training. Click on the
following link for more information on the Core Compliance Suite. You can
email questions to scott@cfteducation.org
or talk with a representative by calling 1-800-795-5242.
Who
Should Attend?:
Loan
officers, managers, and processors, compliance and fair lending officers,
auditors, counsel, and anyone else with HMDA-related responsibilities,
including data collection, reporting, analysis, and disclosure. Please forward email to appropriate
person(s).
Instructor:
Carl
Pry is
a Certified Regulatory Compliance Manager (CRCM) and Certified Risk
Professional (CRP) who is a Managing Director for Treliant Risk Advisors in
Washington, DC. Through his working career, as well as through his
experience as a banking attorney and officer, he has provided a variety of
regulatory compliance and financial performance services to financial
institutions and other clients throughout the country. He has written
extensively regarding consumer and commercial compliance, tax, audit, and
financial institution legal issues, and is a frequent contributor to and
currently serves on the Editorial Advisory Board for the ABA Bank
Compliance magazine. He has spoken at scores of banking, compliance, and
state bar associations, and has conducted training sessions for financial
institutions across the country.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2: OnDemand
Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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