What Is Happening With HMDA?


Presented by: Kathleen Blanchard

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On May 23, 2018, the U.S. House of Representatives passed S.2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act) and it was signed into law by the president on May 24 to become Public Law 115-174. Among a host of other changes, this law creates a new set of rules for "small HMDA reporters," those who originate fewer than 500 open end lines of credit or 500 closed-end loans in each of the prior 2 calendar years. These "small reporters" will be reporting a HMDA LAR with fewer fields.

What do these changes to HMDA mean for your financial institution? Does this mean a change back to the "old" HMDA? Are changes to "old" fields affected? Should you get out your old "Getting It Right Guide" if your institution is a "small reporter" and stop collecting those new fields now? Will we see even more changes for all reporters?

Some regulations lend themselves to immediate change when the law changes and the regulation has not caught up. HMDA is not one of those regulations due to the complexity of reporting, required programming changes, etc. There are some details to be worked out.

This webinar will review the changes and potential changes, with up-to-the-minute advice on how to proceed and maintain your sanity. This can be helpful in discussions with management about coming changes and potential changes.

Who Should Attend?
This webinar will be helpful for everyone who needs to plan for HMDA and respond to staff questions: Compliance, Training, Audit, Risk Management and Executive Management.

About the Speaker: Kathleen Blanchard has over 30 years of experience in banking, including many years of commercial lending, credit policy, loan review, and regulatory compliance experience related to commercial, small business, private banking and consumer lending.

Kathleen specializes in HMDA and CRA training and consulting and writes about compliance topics at www.kaybeescomplianceinsights.com. Kathleen is an expert in HMDA reporting and is providing indepth HMDA training and support for the new and current rules through The HMDA Academy.

She has developed and improved many lending and regulatory processes and is able to cut through the layers to get to the heart of process needs. Kathleen has been consulting with banks on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for BankersOnline.com.

This program was recorded in its entirety in July 2018. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_hmda0718
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 29 May, 2018.

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