Resource HubPosts By Category
Important HMDA Changes effective in 2017 and 2018 pursuant to the CFPB's 2015 HMDA Rule
2/28/2017
Happy HMDA submission day. Hopefully all of you have reviewed your LARs and feel pretty good about their accuracy. Now, it's time to start thinking about collecting 2017 data.
First, did you have less than 25 home purchase and refinance entries on your 2016 or 2015 LAR? If so, then you can celebrate, at least temporarily, because you are not subject to HMDA data collection and reporting in 2017. (...we will pause to give you a moment to celebrate...)
Need Guidance on Guidance Lines of Credit?
2/15/2017
It's that time of the year again - to scrub your HMDA-LAR! For some reason, the topic of Guidance Lines of Credit (GLOC) seem to boggle the minds of lenders and compliance officers, as it pertains to HMDA. So, here's some guidance.
Beware of Fake CharitiesOne of IRS's Dirty Dozen
2/15/2017
Move over “fake news” here comes “fake charities.”
So you have decided to dedicate a portion of your hard earned money to a worthwhile cause in the form of donation. You also know that in many cases, it’s nice to be able to get a tax deduction for that generosity, where possible.
But what if that charitable organization that came knocking on your door, or via the internet, or telephone call turns out to be a scam?
Branch Operations: Bank Opening Procedures
2/6/2017
While performing branch reviews for our financial institution clients, I have come across several different procedures that bank employees use to access the bank's premises at the beginning of the day. The process of opening (and closing) the bank building can be the most vulnerable part of the workday for branch employees.
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