HMDA – Last Minute Update (Warning)
Are you ready? The world of HMDA is changing in a dramatic fashion in just a few weeks!
On October 13, 2015, the Consumer Financial Protection Bureau (CFPB) published 797 pages of final rules to implement changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act and changes from the CFPB that are intended to modernize and simplify the reporting requirements.
The final rules are generally effective on January 1, 2018. In addition, the CFPB released revisions to the HMDA final rules on August 24, 2017 that will also be effective as of January 1, 2018 and will impact your collection and reporting requirements.
This is your last opportunity to insure your financial institution is prepared and ready for these massive changes!
This program provides a last-minute thorough review of the revised Regulation C rules to assure participants have a comprehensive understanding of the intricate details of HMDA. Participants receive a detailed manual that serves as a handbook long after the program is complete.
- Which applications and loans are and are not reportable
- Amendments related to the collection of ethnicity, race, and sex of applicants and borrowers
- Details on the data submission requirements and public availability requirements
- Final amendments published on August 24, 2017, including the impact these will have on many financial institutions reporting open-end lines of credit
- A review of the obscure areas of the regulation to assist in eliminating reporting errors and avoid penalties
The program is designed for loan officers, compliance officers, loan processors and clerks and auditors. Whether new to the requirements of HMDA and Regulation C or a seasoned veteran, this program provides a last-minute review of the new requirements of HMDA and Regulation C.
Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 41 years. In 36 years as a trainer over 130,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by several state bankers associations. As a contractor, he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.
Kelly M. Owsley is Director of Training Services for Compliance Resource, LLC. Kelly’s career in banking began in 2000. Since then she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in numerous areas of the financial services industry including retail branch management, lending, product development and training. In addition, Kelly spent three years in a training and development role with CUNA Mutual Group servicing the largest credit union in the United States. Most recently, she served as the Vice President of Compliance, BSA Officer, and CRA Officer for a community bank where she was responsible for implementing and training all compliance related topics. Kelly has conducted seminars in multiple states and has participated in numerous webinars sponsored by national providers. She is a Certified Regulatory Compliance Manager
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits
- Live Webinar which includes 5 Day On-Demand - $265
- Six Month On-Demand – $295
- CD-ROM (Includes 6 Month On-Demand) – $345
- Live plus Six Month On-Demand – $365
- Premier (Includes all options) – $395
- Additional Locations – $75
Online: Click here.
Phone: Call Total Training Solutions at (800) 831-0678
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.