Regulatory News
How to Fix the 10 Most Common HMDA Edit Check Errors
Every year, thousands of financial institutions rush to meet the March 1 HMDA filing deadline—and every year, edit check errors slow them down. These validation failures can range from simple data entry mistakes to complex logic conflicts that require careful analysis to resolve. After helping institutions file HMDA data for nearly four decades, we've seen the same errors appear again and again. Here's how to identify and fix the 10 most common HMDA edit check errors before they delay your submission. Understanding HMDA Edit Check Types Before diving into specific errors, it's important to understand the three types of HMDA edit checks: Syntax Edits: Verify data format and structure. These must be corrected before submission. Validity Edits: Confirm values fall within acceptable…
2025 HMDA Filing: Your Complete Preparation Checklist for March 2
The March 2, 2026 deadline for submitting your 2025 HMDA data is a Monday, and that is the only reason it is not March 1: the usual date falls on a Sunday this year. Whether this is your first filing or your thirtieth, working through a structured preparation process is what keeps the last week of February from turning into a scramble. This checklist covers the steps compliance officers should complete before submitting to the FFIEC's HMDA Platform. Key Dates to Remember Four dates matter for the 2025 filing cycle. Begin your final data review and validation on January 1, 2026. Set an internal submission deadline of February 15, 2026, which gives you two weeks of buffer to work through corrections without touching the real deadline. The CFPB filing deadline is March 2, 2026, and no…
CFPB and DOJ Settle Redlining Claims Against Non-Depository Mortgage Companies Before Change in Administration
Why Redlining Risk Should Continue to Be a Focus During the Next Administration In the lead-up to the change in administration, the CFPB and DOJ have settled redlining claims against non-depository mortgage companies. On January 17, 2025, the CFPB settled redlining claims against a non-depository mortgage company, Draper & Kramer Mortgage Corporation, based on activity from 2019 to 2021 in the Chicago-Naperville-Elgin and Boston-Cambridge-Newton metropolitan statistical areas (Chicago and Boston MSAs, respectively). The CFPB's settlement includes a $1.5 million civil money penalty and a prohibition against the company from engaging in any residential mortgage lending activities for five years. The week prior, on January 7, 2025, the Department of Justice (DOJ)…
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 discrimination 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. The CFPB and DOJ allege Trident redlined majority-minority neighborhoods through its marketing, sales, and hiring actions. Specifically, Trident's actions discouraged prospective applicants from applying for mortgage and refinance loans in the greater Philadelphia area's majority-minority neighborhoods. If entered by the court, the settlement, among other things, would require Trident to pay a $4 million…
CFPB, DOJ and OCC Take Action Against Trustmark National Bank for Deliberate Discrimination Against Black and Hispanic Families
Trustmark to Pay $5 Million Penalty and $3.85 Million to Increase Mortgage Credit Access in Memphis Neighborhoods Impacted by Redlining WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ), in cooperation with the Office of the Comptroller of the Currency (OCC), took action today to put an end to alleged redlining by Trustmark National Bank. The CFPB and DOJ allege that Trustmark discriminated against Black and Hispanic neighborhoods by deliberately not marketing, offering, or originating home loans to consumers in majority-Black and Hispanic neighborhoods in the Memphis metropolitan area. The CFPB and DOJ also allege that Trustmark discouraged consumers residing in or seeking credit for properties located in these…
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- What Actually Counts as a Small Business Loan Under Section 1071
- The ComplyBI Era Has Arrived
- Fair Lending Self-Assessment: A Step-by-Step Guide for 2026
- How to Fix the 10 Most Common HMDA Edit Check Errors
- Section 1071 in 2026: What Lenders Need to Know About Small Business Lending Data
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Regulatory News
- How to Fix the 10 Most Common HMDA Edit Check Errors
- 2025 HMDA Filing: Your Complete Preparation Checklist for March 2
- CFPB and DOJ Settle Redlining Claims Against Non-Depository Mortgage Companies Before Change in Administration
Fair Lending
- Fair Lending Self-Assessment: A Step-by-Step Guide for 2026
- CFPB takes action against Nationstar Mortgage for flawed mortgage loan reporting
- CFPB Takes Action Against Fifth Third Bank for Auto-Lending Discrimination and Illegal Credit Card Practices
SBL 1071
- 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
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