ComplianceTech

ComplianceTech is a valued resource of insightful information, education, and innovative technology for HMDA, Small Business 1071,fair lending and CRA analysis.

[ComplianceTech @compliancetech]

Did you that the U.S. Department of Housing and Urban Development (HUD) is making more than $30 Million available to fair housing organizations nationwide working to fight housing discrimination?

#fairhousing #fairlending

https://t.co/jYd4vWFdN2

[ComplianceTech @compliancetech]

🗞️ Are you confident that your company has accurate HMDA data? Now is the time to invest in tools that go beyond standard edit checks and help you identify outliers not subject to standard edit checks. ComplianceTech's HMDA Ready™ can help.
https://t.co/TjnhcADbjC

[ComplianceTech @compliancetech]

Curious if you are impacted by the @Rackspace outage. Poll here: https://t.co/TRhSKptfEP #rackspace

[ComplianceTech @compliancetech]

We are hosting a webinar on December 8h at 3:30 PM Eastern. Our goal with this webinar is to provide practical takeaways to help you develop an approach to address redlining compliance issues and give you tools to help your company develop strategic mark…https://t.co/e1lSoIQTWb

[ComplianceTech @compliancetech]

I hope you'll join me for a free ComplianceTech webinar on December 8, 2022 at 3:30 PM Eastern. Our topic will be Redlining Analytics. Use the link below for more information and to secure your spot today ⬇️
https://t.co/ZlW7N5pilO https://t.co/rXxLF2TI9t

[ComplianceTech @compliancetech]

Today's announcement by the Consumer Financial Protection Bureau seeks public input on enhancing data on auto lending. According to the announcement, the "CFPB is seeking to build a new data set that will allow for a more robust u…https://t.co/Kxc58IXN6R https://t.co/x9D17ruRWe

[ComplianceTech @compliancetech]

Let me know if you've visited Johnson City, Kansas - I just heard about an Redlining Exhibit in the local museum and a new book 📕

Exhibit Information ⬇️

"REDLINED: CITIES, SUBURBS, SEGREGATION takes visitors on a deep dive int…https://t.co/F9OOoLLmO2 https://t.co/aNyqkEoSwE

[ComplianceTech @compliancetech]

Did you know that Chairman Harper urged credit unions to embrace fair lending in a statement earlier this month? The details are in the press release below. ComplianceTech offers a full suite of web-based HMDA and fair lending solutions to help credit u…https://t.co/DaL4VkoXzp

[ComplianceTech @compliancetech]

It's time to register for the Federal Reserve System 2022 Fair Lending Interagency Webinar. Details below ⬇️

https://t.co/aqMQgPm37M https://t.co/VcAsa2eqzv

[ComplianceTech @compliancetech]

I just started reading my copy of Emily Flitter's new book 📖 https://t.co/yGjb2ZDP3W

[ComplianceTech @compliancetech]

The latest issue of Consumer Compliance Outlook from the Federal Reserve System is now available online. Articles include:

- Elements of a Strong Compliance Management System Under the FFIEC Compliance Rating System
-The Effects of Communications and Or…https://t.co/fBlgvWJVTx

[ComplianceTech @compliancetech]

Appraisal Bias is center stage in a new report released by National Community Reinvestment Coalition - NCRC. Download a copy of the study and take a look at what was discovered by using mystery shoppers in Baltimore. A few of the…https://t.co/BqsSXEYQSW https://t.co/2JHqec2bhX

[ComplianceTech @compliancetech]

The New York State Department of Financial Services announced a $950K settlement to resolve fair lending concerns with auto loans. The Department’s investigation found that Rhinebeck’s practices resulted in minority borrowers paying higher interest rates…https://t.co/3gADbHaGBx

[ComplianceTech @compliancetech]

I've been exploring the new Federal Deposit Insurance Corporation (FDIC) BankFind Suite. Using the Find Events & Changes data, I've been able to download bank closure data and use it to conduct a demographic analysis of branch closings in ComplianceTech'…https://t.co/6YjnRp1enL

[ComplianceTech @compliancetech]

It's time for Q2 2022 Quarterly Filer Graphs from the Consumer Financial Protection Bureau. Representing data from 55 lenders, the Bureau provides different graphs 📊 Take a look today. After significant drops in Q1, it does appear that mortgage applicati…https://t.co/9bkddzX0tt

[ComplianceTech @compliancetech]

Important News for Community Housing Groups - U.S. Department of Housing and Urban Development announced that it is making over $28M available to fair housing organizations to fight housing discrimination. The funds will support va…https://t.co/AcsePPciMx https://t.co/YCtCR87vGU

[ComplianceTech @compliancetech]

Redlining is in the headlines again this week.📰The Washington Post
covers the recent news from New Jersey. The bank agreed to a $13 million settlement for failing to provide loans and other services in predominantly Black and His…https://t.co/h3B9mYQdqA https://t.co/DvL92v4wN4

[ComplianceTech @compliancetech]

News today from the Consumer Financial Protection Bureau. Regions Bank is ordered to pay over $100 million to customers harmed by its illegal surprise overdraft fees. This is definitely something other institutions will want to monitor closely. https://t.co/1ryR2DmuDa

[ComplianceTech @compliancetech]

Is Section 1071 on your mind? ComplianceTech has you covered. Recently, there has been a lot of buzz surrounding the implementation of Section 1071 for Small Business Lending and the impact it will have on the financial services industry. What we do know…https://t.co/pLnInmchTy

[ComplianceTech @compliancetech]

This makes me smile! https://t.co/sXHHfXRXAV https://t.co/xIkNyRsuwU