Recorded: December 1, 2015
Length: 60 Minutes
Hosted by Community Banker University & ICBA Government Relations
On October 15th, the CFPB issued a final rule amending the Home Mortgage Disclosure Act (HMDA) or Regulation C. While many banks have yet to crack open the 800+ pages of the final issuance, most know that the final rule means more data fields and additional collected information from covered depository institutions. The number of data fields required to be submitted on the HMDA LAR will double for covered institutions.
To the delight of banks and vendors across the U.S., the final rule provides for a lengthy implementation period. Changes to your bank's system are not immediately necessary; however, now is the time to gain understanding of the critical changes to HMDA timelines and the key data fields. Community banks may also begin to lay the groundwork with your bank lending staff in preparation for the mandatory compliance date.
We recognize that this overhaul of HMDA requirements represents another fundamental compliance and process change at your community bank. Let ICBA and Community Banker University help you and your community bank begin to develop its action plan to face this final HMDA rule head on.
Join ICBA for a60-minute audio conference and lively discussion related to what community banks need to know now.
Complimentary for ICBA members.
- Overview of the HMDA Final Rule
- Key HMDA Implementation Dates
- Institutional vs. Transactional Coverage
- 23 Data Fields vs. 48 Data Fields
- Potential Fair Lending Exposures
- New Web-Based HMDA Collection Software
- Practical Advice for HMDA Implementation
- Rich Horn, Attorney
- Ren Essene, Program Manager, Mortgage Data Assets at CFPB
- Elena Babinecz, CFPB
- Joseph Gormley, ICBA
1 CPE Credit
Program Level: Basic-Intermediate
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