RATA

In our last Start Page Article we discussed how RATA was going to handle the 2018 submission, and more specifically, the Partial Exemption functionality. All of the submission functionality is done and working. We are now performing final Quality Assurance on that functionality as well as some major changes to mapping and the way Fair Lending data is managed. With so many changes, we are carefully going over every aspect of the software and as always, it takes a little longer than you anticipate. We said we would be releasing the software somewhere around the end of October. It is looking like we will probably need about one more week to tighten everything up to our standards. We will be hitting it hard over the next week and will have a release ready to distribute by end of day Monday,…

Continue Reading ⇢

The 2017 CRA Peer, Performance Evaluation and Market Share data is now available and can be downloaded from the support site. It is also available on the HMDA and CRA Peer website.

The 2017 CRA Aggregate data, used for CRA Peer analysis, was finally released on Thursday, October 25. Historically this data was released in the August/September timeframe, however like last year, this year's release was delayed for some undisclosed reason. The public HMDA data was available much earlier than usual this year and we are not sure why the FFIEC takes over six months longer to produce the CRA data. We converted the data for use in Comply's CRA Performance Evaluation tables and DataMine, as well as the Comply Peer2Peer website.

The following changes will be available in Comply version 18, which is expected to be released at the end of October. On May 24, 2018, the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) into law. This resulted in a partial exemption of certain HMDA requirements for certain insured depository institutions and insured credit unions. The Consumer Financial Protection Bureau (CFPB) published its Interpretive Procedural Rule on August 30, 2018, outlining which Data Points are not required of institutions that meet the partial exemption requirements. This document is an overview of how Comply will address the partial exemption changes for any institution that meets the criteria and elects to follow the partial exemption for their HMDA submission.…

Continue Reading ⇢

Comply 17.13 is now available for download from the RATA Support site. This version incorporates all of the earlier 17 releases and can be implemented at your earliest convenience if needed. As always, check the changes document to see a list of all changes to decide the update priority for your institution. A few clients wanted to test the 2018 submission files on the CFPB portal, so with this version we have enabled the 2018 submission functionality. However, this is not the final submission version. We will be releasing our major update and official submission version of Comply 2018 near the end of October. The CFPB just released substantial changes to the submission process for partially exempt institutions. We will be implementing those changes as well as finalizing the edits and…

Continue Reading ⇢

The CFPB just released updated 2018 HMDA submission requirements on Friday, August 31. These changes are for the 2018 data currently being collected, and must be used on this data that will be submitted in March 2019. There are both new and modified edits, as well as requirements for partially exempt institutions. We are still digesting the information as the documentation is quite verbose, as usual. We will be adding the submission changes to our Comply 18 release which is still expected to be available by the end of October, but wanted you to know that we are aware of the changes and are actively working on them. Here is a link to the official site:…

Continue Reading ⇢

• Per Page: 51050All
• «1 ... 18192021222324 ... 35»All
• Page #: 1234567891011121314151617181920212223242526272829303132333435