There are significant changes on the HMDA horizon, beginning January 1, 2018. But financial institutions will still operate under the existing rules for the 2016 data being reported by March 1, 2017. Reporters typically devote significant time to “getting it right” during January and February. Regulators can assess civil money penalties for HMDA reporting errors and require institutions to scrub and resubmit data, which can be expensive and time-consuming. How can these fines, penalties, and headaches be avoided? What does your HMDA data tell the regulators and the community about potential fair lending issues?
This webinar will cover the basic requirements for accurate HMDA data collection. Learn how to use the “HMDA Getting It Right Guide” and other tools that will streamline your efforts, find potential reporting errors, and identify fair lending red flags.
ABOUT THE PRESENTER – Susan Costonis, Compliance Consulting and Training for FIs
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
This informative session is designed for loan operations staff, loan officers, loan assistants and processors, compliance officers, fair lending officers, and auditors.
This webinar is being hosted through a national webinar provider. Wisconsin state law will not be addressed.
Tuesday, January 10, 2017 2:00 PM - 3:30 PMCentral Time
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