Banker's Compliance Consulting Blog

Do you “do” compliance?

We often hear compliance officers say they do compliance for a living. But that’s not really...

Monitoring vs. Auditing

There are many components to an effective Compliance Management System (CMS). These include risk...

HMDA & Business-Purpose Home Equity

A HMDA reportable loan is one that is dwelling secured and is made for the purpose of purchasing a...

HMDA Preapprovals

It’s quite common for financial institutions to use the terms “prequalification” and “preapproval”...

Adverse Action Notices: Specific Reasons for Denial

When you take adverse action on an application for a credit product/service, Regulation B requires...

HMDA: Action Taken Date

One of the data fields you are required to report on the HMDA-LAR is the “Action Taken Date.” In...

Adverse Action Notices: Giving the Reasons for Denial

Under Regulation B, when you take adverse action in connection with an application for a credit...

HMDA Action Taken: File Closed for Incompleteness

One of the data fields you are required to report on the HMDA-LAR is the “Action Taken.” In other...

HMDA for Large Filers: Filing Instruction Guide

Whether you are a large or small filer for HMDA, you should be familiar with the CFPB’s Filing...

HMDA Data: Application Date

When it comes to the application date for HMDA, you need to ensure you are relying on how HMDA...