RATA

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.…

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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…

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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:…

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RATA Associates is pleased to announce that the 2018 FFIEC demographic data is now available for all RATA Clients. If you use Auto-Updates to keep your system data up to date, you should see the new data available the next time you log in to Comply. If you don't use Auto-Updates the data will be available on the RATA Support Site to download and import. Please note that this is the second year that the demographic data is based on the 2015 ACS.  More info on the 2015 ACS below. Comply links the demographics to the geocoding in the system automatically so once you update your system all new reports and views of the data are retroactive for the entire year. For those of you using our QuickPoint Web Service (QPWS) to geocode applications real-time in your LOS systems, you will only…

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