RiskExec has recently been updated to include the following enhancements: Redlining Module Advanced Analysis: Exclude Peers Without Branches Users can now choose to only include peers in their analysis that have branches in the geographies selected during analysis setup. The OCC has recently considered peer groups with lenders at 50-200% of the institution’s LAR, or […]
Click here to access the 2023 OCC Fair Lending Guidelines: https://occ.gov/publications-and-resources/publications/comptrollers-handbook/files/fair-lending/index-fair-lending.html
RiskExec has recently been updated to include the following enhancements: 2021 Community Reinvestment Act (CRA) Peer Data Available On December 15, 2022, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of the 2021 Community Reinvestment Act (CRA) peer data. This dataset includes small business, small farm, and community development lending data reported by […]
RiskExec has recently been updated to include the following enhancements: Fair Lending Module Decisioning Regression Analysis Results: Highlighting Significant Model Agreement If the Model Agreement is greater than or equal to 10% above either subagreement, meaning the Model Predicted Positive-Actual Positive or Model Predicted Negative-Actual Negative in the the Concordance (Confusion) matrix, RiskExec will highlight […]
RiskExec has recently been updated to include the following enhancements: Batch Geocoding ModuleAbility to Import LocationsUsers can now import their own list of locations using the Batch Geocoding module. To import a list of locations, create a .CSV file with the following column headers: Group, Location Type, Name, ID, Address, City, State, and Zip Code. […]
RiskExec has recently been updated to include the following enhancements: Batch Geocoding ModuleAbility to Run Proxies Users can now import proxy data into the Batch Geocoding module, as well as run proxies on files that have been uploaded into the Batch Geocoding module. To run proxies on a file, select the file from the list, […]
On September 23, 2022, the United States District Court for the District of Columbia entered a judgment invalidating the CFPB’s rule raising the HMDA reporting threshold to 100 covered loans. The court's decision returns the operative HMDA reporting threshold to 25 closed-end loans originated. Notably, the court’s ruling did not alter the reporting threshold for […]
What is 1071? Congress directed the Consumer Financial Protection Bureau (CFPB) to adopt regulations governing the collection of small business lending data under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1071 amends the Equal Credit Opportunity Act (ECOA) under Dodd Frank, to require financial institutions to compile, maintain, and submit specific data […]
Redlining Analysis Peer and Market Results Now Available in 2022 Dataset Analyses Users are now able to get peer and market results when running a Streamlined or Advanced Redlining analysis using a 2022 dataset. Redlining Analysis: Select In-Scope Geographies Screen Update The purple color in the legend on the Redlining Analysis: Select In-Scope Geographies […]
From May 2 - 4, 2022, Regulators, compliance experts, and lenders gathered at our Inaugural Fair Lending Forum in Charlotte, North Carolina. Here are the highlights from this groundbreaking compliance industry event. Fair Lending Forum Highlights The Forum’s wide array of attendees and speakers included prominent government officials such as Sandra Thompson, Director of the […]
