Comply News

2021 HMDA Peer Data Official Release is Available

Added on June 22, 2022

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…

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RATA Releases FFIEC 2022 Demographics Phases 1 and 2

Added on April 26, 2022

As mentioned in previous articles, this year's release of the 2022 FFIEC demographic data is being released in phases because it is the first year of the 2020 Census data. On March 18th, the FFIEC released an article outlining the timeframe for the 2022 Demographic Data release (FFIEC Releases Timeline for 2022 Census and Demographic Data). On March 30th, the first phase of this data was released, relating to population counts derived from the ACS 5-Year Survey (2016-2020). Unfortunately, that release did not contain enough data to make it worth converting and releasing. That data contained the following fields: Small County Indicator Population (Total) Population (Minority) Minority Population (Percent) Population (Hispanic) Population (Non-Hispanic) Population (White) Population (Black)…

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RATA Releases NON-OFFICIAL 2021 HMDA Peer Data

Added on March 29, 2022

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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FFIEC Releases Timeline for 2022 Census and Demographic Data

Added on March 18, 2022

On March 18th, the FFIEC published an alert regarding the 2022 Census and Demographic Data availability. The alert states that due to various delays, including those related to the ongoing pandemic, the release of the data for CRA and HMDA purposes was not available as planned. It further specifies a rough timeline as to when to expect each piece of the full dataset. The text from the FFIEC alert follows: Due to delays with multiple products from the U.S. Census Bureau, the FFIEC has faced challenges in releasing the 2022 FFIEC Census products. In order to respond to user needs, the FFIEC will release the various FFIEC Census products in a sequential manner as the data become available. Using the Census Redistricting Data released on August 12, 2021, the FFIEC will release a limited flat…

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RATA announces the release of the Year-End Geocode Redo file: Please apply before submitting

Added on February 1, 2022

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 25th 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 25, 2022. If you have submitted more geocoding after…

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