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.

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    Banks Less Anxious About Risk, But Should They Be?
    (Published February 1, 2019) Wolters Kluwer conducts a yearly survey of U.S. banks and credit unions to measure concerns about their ability to manage risks and regulatory compliance obligations. Compliance Week magazine reports on findings from the latest survey, which shows a decline in anxiety from the prior year's survey, but overall concerns remain relatively high.
    Fair Lending in the Age of Machines
    (Published January 4, 2019) The age of machines is here. As Artificial Intelligence and Machine Learning-based platforms, models and algorithms quickly become the new norm, fair lending compliance teams need to be able to understand all aspects of their digital footprint. Read this article before the machines become self-aware!
    What Compliance Changes Will 2019 Bring?
    (Published January 2019) In a period of ever-evolving regulatory change, financial institutions are keenly focused on identifying their regulatory compliance and risk management priorities in 2019. In this IB Magazine cover article, Wolters Kluwer's Barbara Boccia offers insights on which areas firms should consider marshaling their resources for effective compliance.
    The Three C's of Compliance
    (Published August 21, 2018) Barbara Boccia, CRCM, MBA, JD of Wolters Kluwer outlines three factors that can turn a bank’s compliance department into a strategic asset.
    The U.S. Treasury Fintech Report and the OCC Fintech Announcement: What They Mean for Banks and Fintechs
    (Published August 10, 2018) Wolters Kluwer expert, Stevie Conlon, distills key takeaways of the U.S. Treasury's 223-page fintech report and the OCC’s announcement allowing fintechs to apply for special purpose national bank charters. Read the summary.
    Limits on the Availability of the New Partial HMDA Reporting Exemption
    (Published July 20, 2018) The regulatory relief law (“Economic Growth, Regulatory Relief, and Consumer Protection Act”) recently signed into law by Congress includes a major provision that reduces the burden on some institutions in having to report certain HMDA data. However, some institutions are mistakenly interpreting the new law as exempting them from their reporting obligations altogether.
    Fair Lending Implications of the Expanded HMDA Under the New Regulations
    (Published May 24, 2018) The data points in the expanded HMDA data set greatly enhance the ability of banks, examiners and the public to perform more in-depth fair lending analysis at any time, with a minimum 121,000 combinations of the data available to perform a variety of fair lending analytics. Institutions, as well as examiners, will have the ability to gather new, and possibly troubling, insights into the institution’s performance, with particular emphasis on disparate or unintended treatment and/or impacts and redlining.
    HMDA 2018 Focus: CMS, Data Integrity and Fair Lending Implications
    (Recorded Webinar, April 19, 2018) With 2017 submission out of the way, it is time to focus on 2018 HMDA data. This complimentary webinar focuses on four critical areas to which lenders should pay attention during 2018.
    The Compliance Balancing Act
    (Published February 2018) Community reinvestment and fair lending rules require careful navigation. In this Scotsman Guide article, Wolters Kluwer Senior Regulatory Consultant Britt Faircloth provides guidance on the importance of analyzing and validating loan performance data to align with an institution’s goals, as well as with current regulations.
    Wolters Kluwer Indicator Survey Points to Increased Compliance and Risk Management Concerns at U.S. Banks
    (Published December 2017) According to an article published in Fintech Finance, recent surveys released by Wolters Kluwer indicate that compliance and risk management concerns are on the rise for U.S. banks, while globally, banks worry about having the right systems and procedures in place to manage data in today’s evolving regulatory landscape.
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