March 2018

corporate social responsibility

CRA Celebrated its 40th Year—Look for Greater Emphasis on Community Development Efforts

The Community Reinvestment Act (CRA) celebrated its 40th anniversary in 2017. The Act was established to ensure banks were meeting the credit needs of the community they designated as their assessment or market area, which often was a circle around their branches. Passing a CRA exam was less troublesome since bankers only had to be …

CRA Celebrated its 40th Year—Look for Greater Emphasis on Community Development Efforts Read More »

prepaid card button on keyboard

CFPB Issues Updated Prepaid Card Compliance Guide

On March 13, 2018, the CFPB issued an updated Small Entity Compliance Guide (SEG) to incorporate recent 2018 changes to the Regulation E Prepaid Card rules which take effect on April 1, 2019. The Bureau released guidance for completing the short‐form disclosure for prepaid accounts, which includes not only a line‐by‐line how‐to but specifics on …

CFPB Issues Updated Prepaid Card Compliance Guide Read More »

home keyring in keyhole

HMDA Reporting for Loans Secured by Multiple Properties

We have received numerous questions about how to report multiple properties on the HMDA LAR for 2018. Quite frankly, it can be very confusing because some fields are reported on the property securing the loan and other fields are reported on the transaction. The commentary for §1003.4(a)(9) – 2 states the following: MULTIPLE PROPERTIES WITH …

HMDA Reporting for Loans Secured by Multiple Properties Read More »

Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email for Non-Confidential Information Only

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

Endorsed By