CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
The
CFPB’s 2018 HMDA rules are now in effect, although the CFPB had announced
that enforcement of the new rules will be delayed at least a year. As well,
the CFPB recently issued a new proposal on threshold amounts and an ANPR on
the new data elements. What will happen here? Will HMDA change yet again?
The new rules expanded what types of loans are covered (to include lines of
credit), and many more data elements (110, depending on how you count) are
now collected. As well, the submission and disclosure processes changed, to
the new CFPB online method. What do the CFPB’s announcements mean? What
will HMDA data integrity enforcement be like? Should smaller lenders
continue to collect the new data if they stopped? Will examiners be looking
at it? What are the fair lending issues and risks you need to be aware of
after submission? As well, the existing HMDA data elements must still be
collected and submitted properly. We’ll discuss the current state of HMDA
and get your questions answered.
Covered
Topics:
- Recent proposal on threshold amounts and the ANPR
on the new data elements – what may change? What CAN change?
- The CFPB’s announcements about the new HMDA rule
and delays in enforcement – what does all this mean and what should we
do?
- CFPB’s guidance on private vs. public data
- Details of the new coverage rules – who collects
and submits information, and when
- What types of loans and lines of credit are
reportable now
- The new dwelling-secured loan standard – what does
this impact?
- Changes in the commercial loan area
- 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
- 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
- What to do now that the 2018 data is out there?
What types of fair lending analyses should you be doing?
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.
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