Description:
This session provides the tools you need to build an effective Home Mortgage Disclosure Act (HMDA) compliance program.
Complete and accurate HMDA data is essential to understanding where and to whom loans are being made. The regulators have signaled that increased scrutiny of HMDA data should be expected, and there is no better time to perfect your HMDA compliance program.
WHY?
The Biden Administration, as well as the director of the CFPB, have indicated that the CFPB will continue to prioritize the enforcement of fair lending and racial equity issues. Implementing a strong, comprehensive HMDA compliance program will help ensure the accuracy of your HMDA data, and when analyzed, help manage your fair lending risk.
TOP REASONS TO ATTEND:
- Discover the 4 Key Pillars of a Strong HMDA Program: Board and Management Oversight, Policies and Procedures, Training, and Monitoring and Reporting.
- Come away with strategies to prioritize data integrity and tips for accurate data collection
- Gain a complete understanding of what’s needed to build a strong, functional HMDA compliance program
- Learn how transaction testing can highlight potential weaknesses in HMDA related procedures
- Review how policymakers and examiners assess HMDA data and tolerance thresholds for reporting errors
- Find out how to avoid data resubmission, examination delays, regulatory violations, and civil money penalties
- Uncover efficient and effective correction and remediation tactics
- Analyze your fair lending performance and the story your HMDA data tells about your financial institution
WHO SHOULD ATTEND?
This session is designed for those working in compliance and audit, as well as, frontline staff, marketing, sales staff, the board of directors and senior management.
Presenters:
Kimberly Boatwright
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC and has more than a two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager and a Certified Anti-Money Laundering Specialist
February 7, 2024