NEWS
Comply News
August 9, 2010
2010 FFIEC Demographics Available
The official 2010 Demographic Data released last month by the FFIEC is now available to all Comply users. If you are using the Auto-Updates feature of Comply, the update will automatically download to your system and you’ll just need to apply it. If you are not using Auto-Updates, the update is available on the RATA Support Site at https://support.rataassociates.com/. For users running Comply version 7.7 or higher, applying the new demographics file either way will re-link the geocodes with the
July 20, 2010
Financial Reform and Effect on HMDA and CRA
As most of you are aware, the Financial Reform Bill has passed both the House and the Senate as of July 15th and is waiting to be signed into law by the President in the very near future. Although this Bill was created to "fix" Wall Street, it encompasses much more and a portion of it affects HMDA, CRA and Fair Lending. We just want to let you know that RATA Associates is aware of the changes to the regulations and we will be working diligently to update the RATA Comply software to deal
May 10, 2010
RATA Comply 7.8 Update To Be Released 5/17/2010
We are currently in final QA testing of our RATA Comply 7.8 software update. The software is currently in Beta testing at a few client institutions and we are hoping to release to the general client base on Monday May 17th. This software update includes many fixes, enhancements and a few new features, as well as everything needed to collect, edit and submit your 2010 HMDA and CRA data.
April 28, 2010
Looking For Clients That Are Interested In Positive Press Coverage
RATA Associates is currently seeking clients of all sizes that would like to get some media exposure for their institution and RATA. We are looking for success stories from institutions over 1 Billion in Assets and Community Banks. There are currently two publications that are looking for Case Studies, the first is a Bank Systems and Technology: Case Study Opportunity for a Bank over 1 Billion in Assets and the second is American Banker: Community Banking Supplement
March 9, 2010
Submission Over, Fair Lending Taking The Spotlight
Congratulations on another successful HMDA and CRA submission season. From conversations we have had with all of our clients, it looks like everyone submitted on time and error free! That is great news. Now the spotlight changes from data collection, clean-up and submission to analyzing your data, and Fair Lending Risk is the hot topic in the industry. Are you lending equally to prohibited basis groups? Are you making different decision or offering different pricing based on age, race, sex,
February 26, 2010
Important Submission News if you submit both HMDA and CRA submissions.
It has come to our attention that there is a slight glitch in the HMDA submission if you do both HMDA and CRA submissions from the same Comply system. If your institution falls into this category, when you go to do your HMDA submission you will most likely get RATA Validity Edits (VR) regarding NA in the geocoding fields. This only happens to HMDA reporters that also submit CRA. If you end up in this scenario, you cannot submit without a quick work-around.
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