HMDA Asset-Size Trigger Amount Adjusted

The Federal Reserve recently announced that the asset-size threshold for HMDA was adjusted and will become effective January 1, 2011.  The threshold was raised from $39 million in 2010 to $40 million.  This means that any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $40 million as of December 31, 2010, will be subject to HMDA in 2011.

Amy Kudlacek

Amy Kudlacek

Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager. Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelors Degree in Business Administration and is a graduate of the ABA Compliance School. Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!

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