Major HMDA Changes are just a year away! There will be new Demographic Information collection forms, and you’ll be reporting different data in a different format, to a different agency, using a different method. Are you ready?
Get ready for what’s next concerning HSAs. Fundamental improvements to HSAs are expected in 2017 as a result of President Elect Trump’s stated goal of replacing the Affordable Care Act with Health Savings Accounts in his first 100 days.
Both ECOA and FCRA contain requirements for providing notice of action taken. Examiners closely scrutinize denial notices for compliance. Adverse action violations are frequently cited in exam reports.