(Published November 2016) With only one year to go before the HMDA 2018 implementation date takes effect, you should have a general understanding of the law, the field modifications should be complete, and your HMDA governance and implementation committee activities should be well underway. Now, it’s time to start creating policy decisions. Read more.
(Published August 2016) The new HMDA rules are here to stay. The mortgage industry now has to come to grips with that reality—with sooner being better than later. Read the article in Scotsman Guide to learn more.
(Published May 2016) In this BankingExchange.com article, Wolters Kluwer attorney Sheila deLa Cruz explores implications for commercial lending transactions under the new Home Mortgage Disclosure Act rules.
(Published March 15, 2016) The Consumer Financial Protection Bureau recently changed its stance on the use of home equity lines of credit in the institutional coverage definition under the new Home Mortgage Disclosure Act rule changes. These thresholds are effective starting January 1, 2018 and are calculated using lending volumes for the previous two calendar years—2017 and 2016. Read More
(Published December 2015) With the finalization of the new Home Mortgage Disclosure Act (HMDA) data collection rules, financial institutions are once again faced with a monumental change to their operational processes and compliance programs. Wolters Kluwer Financial Services regulatory expert Amy Downey says there are four major areas of action that lenders should start tackling now. Read More
(Published November 2015) While the HMDA data collection rules do not go into effect until 2018, lenders should address the challenges now by cultivating an enterprise-wide understanding of the requirements and creating an implementation plan. Read More
(Published October 15, 2015) In response to finalization of new Home Mortgage Disclosure Act data collection rules, Timothy R. Burniston comments on the law's implications for the mortgage lending industry. Read More
(Published May 01, 2015) In this ABA Banking Compliance magazine feature, Wolters Kluwer Financial Services’ Amy Downey presents a “team approach” view in helping financial institutions implement a well-documented, operationalized regulatory change management program. Read More