The CFPB released the "preliminary" 2025 HMDA Peer data file on March 31st, which is now available in Comply. As always, this data release does not include the Transmittal File that tells us who each reporter is. RATA downloads the file, links up the Transmittal information from last year based on the LEI number with any institutions that match, and then look up any institutions' LEI information for the ones that don't match. This year that happened to be nearly 130 institutions which needed to be looked up manually. Keep in mind this is not the official final version of the peer data. The official release usually contains updates to the data, late reporter data, and the official transmittal data for each institution. The official data is typically released in June or July, but we are…
Fair lending compliance isn't just about passing your next exam—it's about ensuring your institution treats every applicant fairly and consistently. A thorough self-assessment helps you identify potential issues before examiners do, demonstrate proactive risk management, and protect your institution from costly enforcement actions. This guide walks you through conducting a comprehensive fair lending self-assessment using the same methodology regulators use when they examine your institution. Why Conduct a Fair Lending Self-Assessment? The regulatory agencies—OCC, FDIC, Federal Reserve, NCUA, and CFPB—expect financial institutions to have robust fair lending compliance programs. A self-assessment demonstrates that you're not just reactive to problems, but proactively…
Every year, thousands of financial institutions rush to meet the March 1 HMDA filing deadline—and every year, edit check errors slow them down. These validation failures can range from simple data entry mistakes to complex logic conflicts that require careful analysis to resolve. After helping institutions file HMDA data for nearly four decades, we've seen the same errors appear again and again. Here's how to identify and fix the 10 most common HMDA edit check errors before they delay your submission. Understanding HMDA Edit Check Types Before diving into specific errors, it's important to understand the three types of HMDA edit checks: Syntax Edits: Verify data format and structure. These must be corrected before submission. Validity Edits: Confirm values fall within acceptable…
Section 1071 of the Dodd-Frank Act represents the most significant expansion of lending data collection requirements since HMDA. As 2026 unfolds, more financial institutions are entering the compliance timeline, making this an important moment to understand what's required and how to prepare. This guide covers the current state of Section 1071 implementation, who needs to comply and when, and practical steps for building your compliance infrastructure. What Is Section 1071? Section 1071 requires financial institutions to collect and report data on small business lending applications. The goal mirrors HMDA's purpose for mortgage lending: to identify potential discrimination and ensure fair access to credit for minority-owned, women-owned, and other small businesses. The Consumer Financial…
Thank you as always for using the RATA Comply software and Geocoding services to help with your HMDA and/or CRA submissions. As part of our efforts to ensure that you have the highest quality and most current geocode results for submission, we re-geocode every application that was submitted prior to January 22nd to try and improve the precision codes. We go through the file to look for improvements to any geocodes based on the precision codes and then return any improved results in the Year-End (YE) geocode update file. This file should be applied to your Comply system at your earliest convenience to assure that these improved results are a part of your submission. The YE update file will only affect records submitted before January 22, 2026. If you have submitted more geocoding after…
Schedule a free online demonstration to discover what Comply HMDA/CRA can do for your institution.
Schedule Your Free Demo Have Questions? Contact Us
