HMDA Expert Commentary | Wolters Kluwer
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  • HMDA Expert Commentary

    Wolters Kluwer experts closely monitor developments with the expanded HMDA regulations and have prepared commentary and guidance on how to comply. Share these articles with your team as you implement your strategies for complying with the expanded HMDA regulations.

  • Featured articles & commentary

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    HMDA With 2020 Hindsight
    (Published Summer 2017)  If you could travel back in time, what advice would you give your past self to help you better prepare for HMDA in the year 2020? In this article, Regulatory Consultant Barbara Boccia offers a year-by-year guide for HMDA readiness.
    HMDA: The Ultimate Road Trip
    HMDA: The Ultimate Road Trip Date: Thursday, June 29, 2017 Time: 11:00 AM PDT | 12:00 PM MDT | 1:00 PM CDT | 2:00 PM EDT Duration: 90-minutes Travelling to January 1, 2018 requires planning, preparation and frequent assessments. At your destination, covered i
    Piecing Together Your Community Development Story
    (Published June 13, 2017) A strong, successful community development program, inclusive of high-impact activities, is possible, especially with the right partners and a collective willingness to consider innovative and fresh ideas. Britt Faircloth, Senior Regulatory Consultant with the Advisory Services team at Wolters Kluwer, describes how with the right group of people at the table, almost anything can be accomplished.
    New HMDA Rule: Who’s on First?
    (Published April 2017) In this Texas Banking article, Wolters Kluwer senior compliance attorney, Catherine Brown, reviews how the order of applicants will have an impact on collecting and reporting demographic information when the new HMDA regulations take effect.
    CFPB Proposal To Amend the 2018 HMDA Rule
    On April 25, 2017, the Consumer Financial Protection Bureau published in the Federal Register proposed amendments to the HMDA final rule. The proposal is extensive, encompassing minor changes to the numbered sections of the rule, significant changes to Staff Commentary (sometimes called official comments, and sometimes call guidance), and changes to Appendix B (the demographic information requirements).  
    HMDA Expansion: A Year-By-Year Guide to Focus Areas, Solutions and Strategies
    (Published March/April 2017) Are you ready for HMDA? In this California Banker article, Wolters Kluwer regulatory expert Barbara Boccia provides a year-by-year guide outlining the HMDA strategies that bankers should focus on now to ready themselves for the expanded submission and data collection rules in 2018.
    CFPB Proposal To Amend Regulation B
    On April 4, 2017, the Consumer Financial Protection Bureau published in the Federal Register proposed amendments to the Equal Credit Opportunity Act’s Regulation B. If finalized, the changes will for the most part be effective January 1, 2018. The CFPB proposes to amend the Act to allow for flexibility for all lenders for collecting demographic information, subject to limitations and responsibilities.   
    ECOA Baseline Basics…Getting to Know Your Fair Lending Program
    (Published January 11, 2016) In this article, Tom Grundy a Senior Regulatory Consultant at Wolters Kluwer provides a high-level walkthrough of the ECOA Baseline Review (“Baseline”) with respect to fair lending, published by the Consumer Financial Protection Bureau (CFPB).
    2017 HMDA Submission Changes & Import Format
    The file format and place of filing for 2017 data has changed. The 2017 file format for submission is pipe delimited. During the submission process, Wiz will create the submission file in the new pipe delimited format. You do not need to make any changes to your import format for this file requirement.
    Updated Information from the CFPB for Filing HMDA Data
    The CFPB has issued (through the FFIEC) the updated data specification implementation guides for both the 2017 and 2018 reporting years.
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