RATA
CFPB, DOJ Order Trident Mortgage Company to Pay More Than $22 Million for Deliberate Discrimination Against Minority Families
Settlement is the first government resolution involving illegal redlining by a nonbank mortgage lender Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) took action to end Trident Mortgage Company's intentional discrimination against families living in majority-minority neighborhoods in the greater Philadelphia area. That day the two agencies filed a complaint and a proposed consent order in the U.S. District Court for the Eastern District of Pennsylvania (No. 2:22-cv-02936), both listed on the CFPB's enforcement action page, and the Justice Department announced the agreement the same day. Each figure below names the filing it comes from. The CFPB and DOJ allege Trident redlined majority-minority neighborhoods through its…
Getting the Most Out of Comply Webinars
Over the next few months RATA will offer a number of free webinars to existing clients to better illustrate the power and flexibility of the Comply Suite of compliance tools. Over the years the Comply software has evolved and become even more powerful. New components and functionality have been added with each new version released and sometimes it is hard for customers to appreciate and utilize the full potential of the software. During routine support calls we have noticed that the majority of clients are doing things in ways that are not taking advantage of key features and functionality of the latest software. For these reasons, we felt it would be in the best interest for all parties involved to go through the key functions of Comply, walk through the basics…
Comply 21.1 update is now available
Since the release of Comply 21.01 in mid-November of last year, our team has been actively making changes and adding features to improve your Comply experience. This version brings those changes to your system, which include: Restructuring of the manner in which User Fields are stored Updates to the Combined Ethnicity, Race and Sex fields to properly use the new values added with the 2018 HMDA changes Implementation of a Geocoding Dashboard that allows clients to see in real-time both the volume of records and when they were sent to RATA for geocoding Addition of Originated and Denied variations of the Peer2Peer Dataset Comparator reports – and more… For more details and a complete list of changes, please see the changes document, located on the Start…
2021 HMDA Peer Data Official Release is Available
The CFPB has released the official 2021 national HMDA peer data as of June 16th. RATA downloaded the data and quickly formatted it for use in the Comply software, making sure to match all Institution IDs with the preliminary data that was released on March 29th. By ensuring that the Institution IDs align with one another between these sets of data, all Peer Institution Groups created with the preliminary data will continue to work the same as before. It is the CFPB's intent to potentially release updates to the 2021 HMDA data based upon re-submissions, late submissions etc. and we intend to review the extent of any changes periodically to see if updates are warranted. To download the data for use in Comply, simply log on to the support site (https://support.rataassociates.com) and go to…
RATA Releases NON-OFFICIAL 2021 HMDA Peer Data
As stated in the previous article (below), we have downloaded the individual 2021 Modified LAR data from the CFPB, combined it, reformatted it and merged it with last year's transmittal data for searchability. We have tested to make sure the numbers look reasonable and believe them to be correct for now, but there are normally resubmissions and changes to the "official" data that is usually released by the CFPB in June. This data can be downloaded from the RATA Support Site. Note to RHS Users: There is no action that needs to be taken on your RHS system. The temporary peer data is available in RATA Hosted Services (RHS). Important: There was an increase in the HMDA volume this year and there are now over 26 million applications and the data and will be over 16G added to your Comply…
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- The Regulation B Lawsuits: What Your Fair Lending Program Should Keep Doing While the Rule Is in Court
- California's New Fair Lending Exam Law: What State-Chartered Banks, Credit Unions and Mortgage Licensees Should Have Ready
- November 2026
- October 2026
- September 2026
- August 2026
- March 2026
- February 2026
- January 2026
- 2025
- 2022
- 2021
- 2020
- 2017
- HMDA vs CRA vs Section 1071: What Each Rule Collects and Who Has to File
- 2026 HMDA Data: Your Filing Checklist for the March 1, 2027 Deadline
- HMDA Plus: What It Actually Changed in the LAR Workflow
- Fair Lending Regression Analysis: What It Controls For and How to Explain a Pricing Disparity
- How to Evaluate Fair Lending and CRA Software: What to Test Before You Sign
- What a Fair Lending Exam Actually Asks For
- What Actually Counts as a Small Business Loan Under Section 1071
- Section 1071 in 2026: What Lenders Need to Know About Small Business Lending Data
- How to Benchmark Your CRA and HMDA Lending Against Peer Data
- Special Report: Geocoding - Achieving the Highest Accuracy
