Regulatory reporting and downstream compliance testing depend heavily on data accuracy. Examiners continue to place increased emphasis on data integrity when evaluating compliance risk, performance metrics, and fair lending outcomes. TCA performs data validation that aligns with regulatory expectations and supports internal control environments.
We help financial institutions ensure the integrity, accuracy, and completeness of key compliance data so your risk assessments, monitoring systems, and regulatory submissions rest on a dependable foundation.
What Our Data Validation Covers
TCA can validate data used for:
- HMDA and CRA reporting
- CIP and customer onboarding
- Exception management fields
- Loan Origination System conversions
- Core system conversions
Methodology & Approach
Our review may include:
- Accuracy and completeness testing
- Matching against source documentation
- Consistency with product features
- Documentation validation
Benefits to Institutions
Data validation supports:
- Improved internal testing
- Reduced remediation effort
- Stronger change management and compliance
Additional Fair Lending Topics
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Mitigate Risk: Understand Your Lending Patterns
Examiners are more carefully scrutinizing banks’ lending penetration in low- and moderate-income census tracts for CRA and in substantially minority census tracts for Fair Lending in banks’ designated assessment areas. Examiners also expect banks to demonstrate a thorough understanding of their lending patterns. For example, they analyze HMDA loan data and Small Business/Small Farm loan […]
Stay on the Right Side of Fair Lending: 2023’s Top 5 FAQs
Fair Lending remains a hot topic with regulators and special interest groups. During 2023, our clients experienced heightened scrutiny around identifying patterns of disparity that could result in discrimination allegations and enforcement actions. Review the five key issues clients have faced and consider evaluating them at your institution. TCA provides A Better Way to help […]
