News

RATA End of Year Geocode ReDo file: Please apply before submitting

Added on February 2, 2021

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 address that was submitted prior to February. 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 February. If you have submitted more geocoding after that date, those records will have already been geocoded…

Continue Reading ⇢

 

FFIEC Releases CRA Peer Data

Added on December 16, 2020

UPDATE: The CRA Peer, Performance Evaluation and Market Share data is now available and can be downloaded from the support site. The 2019 CRA Aggregate and Disclosure data, used for CRA Peer analysis, was finally released on Monday, December 14. This year, like the last, there was a major delay in the release of this data for some undisclosed reason. Due to the smaller volume of this data, we typically see it released a month or so prior to the HMDA data, which was released August 30. We have completed the process of converting the data for use in Comply, Comply Peer2Peer and DataMine. The name of this file is PEERCRA19. The CRA Performance Evaluation table data was also compiled and has already been released through Auto-Updates and posted to the RATA Support Website. The name of this…

Continue Reading ⇢

 

Comply 20.01 Now Available

Added on December 10, 2020

Since the release of Comply 20.0 in late October, a few changes have been made that can affect your Comply experience. A fix to correct filtering made just prior to the release of Comply 20.0 inadvertently broke the Quick Set functionality. While there was a workaround for that using Global Set, the bigger issue was that it affected Automation in Fair Lending. Secondly, an issue surfaced where creating Peer HMDA entities using institutions with identical names was causing a duplication error. Lastly, just yesterday, the FFIEC published edit changes to CRA for the 2020 reporting year. While the edits do not affect submittable records, we took this opportunity to get them into the Comply 20.01 update. If your institution is interested in any of these changes or you have not installed the…

Continue Reading ⇢

 

CONSUMER FINANCIAL PROTECTION BUREAU ANNOUNCES SETTLEMENT WITH WASHINGTON FEDERAL BANK, N.A. FOR FLAWED MORTGAGE-LOAN DATA REPORTING

Added on October 28, 2020

CONSUMER FINANCIAL PROTECTION BUREAU ANNOUNCES SETTLEMENT WITH WASHINGTON FEDERAL BANK, N.A. FOR FLAWED MORTGAGE-LOAN DATA REPORTING

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (Bureau) settled with Washington Federal Bank, N.A., a federally insured national bank, to address the Bureau's finding that it reported inaccurate Home Mortgage Disclosure Act (HMDA) data about its mortgage transactions for 2016 and 2017.  Inaccurate HMDA data can make it difficult for the public and regulators to discover and stop discrimination in home mortgage lending or for public officials and lenders to tell whether a community's credit needs are being met.  The settlement requires Washington Federal to pay a $200,000 civil money penalty and develop and implement an effective compliance-management system to prevent future violations. The Bureau found that Washington Federal, headquartered in Seattle,…

Continue Reading ⇢

 

Comply 20 Is Now Available - October 26, 2020

Added on October 26, 2020

We are happy to announce that Comply 20 is now available on our support site for download. This version of Comply contains all of the latest edit and submission changes needed to submit your 2020 HMDA and CRA data. It also contains the new 2021 reporting year so you can start to collect and prepare for the 2021 submissions as well. A changes document will be posted to the support site later today and made available on the Start Page so that you will know what is fixed, updated and added to this latest version.  Because this is a submission version, it is mandatory and critical that you do this update before performing your 2020 submission and really it should be installed at your earliest convenience so that there are no surprises with the new or updated edit checks. In addition to…

Continue Reading ⇢

 

  • Per Page: 
  • « 1 ... 3 4 5 6 7 8 9 ... 27 » All
  • Page #: 

Search

 

Recent Posts

 

Archives

 

Categories

 

RATA News

View All ⇢

Regulatory News

View All ⇢

Fair Lending Cases & Settlements

View All ⇢

White Papers & Reports

View All ⇢

Tags

 

 RSS Feed

Schedule a free online demonstration to see what Comply HMDA/CRA can do for you!

Free HMDA/CRA Demo Contact Us