Comply News

The FFIEC released the geography changes for 2018 reporting on December 21st  which incorporates changes made by the Office of Management and Budget as published on August 15, 2017. The change involves the creation of a new Metropolitan Statistical Area, 46300 - Twin Falls, ID which consists of 5 census tracts in Jerome County and 16 census tracts in Twin Falls County. This is the only geographical change for 2018 as part of the annual geography updates. This update is being released as a Demographic Data update to Comply for the 2018 reporting year and should be applied to your system before 2018 data collection begins. If you have any questions please feel free to contact us.

The CFPB has announced in various documents that it will be developing and making available a new geocoder to help reduce the geocoding burden and theoretically standardize geocoding results. They already had the FFIEC geocoder that could have been used for this, but apparently they believe they can do better than that. They have even said that institutions who use this geocoder will receive safe harbor if their product gives the wrong result. If that is the case, institutions will definitely want to use that geocoder whenever possible. To make sure that institutions can take advantage of this safe harbor and also get the best geocoding results possible for addresses the CFPB can't hit, RATA will be incorporating the CFPB geocoder into our processes. With RATA's cloud-based geocoding…

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Comply 17.04 is now available for download. This version incorporates all of the earlier 17 releases and should be implemented for your 2017 submission. The CFPB made a few more tweaks to the 2018 Edits and we wanted to get those changes in along with a few subtle issues that were discovered at a couple of client sites. As usual, check the changes document to see what has changed to decide if you want to apply this update and the priority for your institution. You can download it from our support site to update at your convenience https://support.rataassociates.com/dl_installs.asp. Please have patience with us as the 2018 HMDA changes are implemented. We are trying to keep up with the CFPB, but they are changing and editing the specifications almost daily. Once you have updated to the…

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Updated Monday, October 2, 2017. The 2016 Peer data is now available on the Peer-2-Peer website. The 2016 Peer data for DataMine will be available later today. The Peer-2-Peer product is a web-based tool designed to help you understand how your institution is lending compared to specific peers or the rest of the industry. The Peer tool can help you see Summary Lending data for any submitting institution as well as Ranking reports and Market Share reports. It is a great way to put your analysis into perspective! Check out www.hmdapeer.com or www.crapeer.com to login to the peer tool. Peer data is also available for use in the Comply DataMine tool. This allows institutions to create Excel pivot tables and custom reports with the peer data and also compare it to your current HMDA data. To…

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The forecast track for major Hurricane Irma is showing that the eye will pass very close if not directly over the RATA facility in Longwood, FL. While our building is built to hurricane standards and we have redundant systems for power, internet connectivity may go down and be down for some time. This would affect Comply auto-updates as well as Comply registration services. During any outage, files which require geocoding can be uploaded to the RATA support website (support.rataassociates.com). This server is co-located outside of Florida and will be unaffected by the hurricane. Files will be processed and returned via the support website until any infrastructure outages are resolved at our Longwood facility. In preparation of the impact Irma may have on our facility, we will be closing…

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