It’s that time of the year. The ABA Regulatory Compliance Conference (RCC) takes place on June 21 – 24 at the Hyatt Regency Orlando. It is live, but most sessions are recorded and will be available after the RCC concludes. The ABA is offering an interesting line-up. There is strong emphasis on technology and its impact on compliance, CRA, and Section 1071 implementation. Following are a few topics, listed by day that caught my eye, […]
Month: June 2022
2021 HMDA DATA
On June 16, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,338 U.S. financial institutions. Covered institutions include banks, savings associations, credit unions, and mortgage companies. The Snapshot National Loan-Level Dataset (Snapshot) released today contains the national HMDA datasets as of May 1, 2022. Key observations from the Snapshot include the following: For 2021, the number of reporting institutions […]
DON’T FORGET JUNETEENTH
On June 17, 2021, the President signed legislation that amended 5 U.S.C. 6103(a) to add “Juneteenth National Independence Day, June 19” (Juneteenth) to the list of Federal legal public holidays (Federal holidays). Various regulatory provisions cross-reference or otherwise refer to the Federal holidays listed in 5 U.S.C. 6103(a), including the Regulation Z definition of “business day.” In Regulation Z, “business day” is defined in § 1026.2(a)(6) generally to mean “a day on which the creditor’s […]