Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Regulators Update Census Info For HMDA Reporting
WASHINGTON (7/5/13)--Financial institutions, including credit unions, that are required to execute reporting requirements under the Home Mortgage Disclosure Act will want to know that regulators have issued updated census data to be used for the reports.
 
The Federal Financial Institutions Examination Council's updated data are also used as input for bank Community Reinvestment Act reporting. In announcing the updated information, the FFIEC noted that census data generally become available in the second quarter of the current year and that data through calendar year 2013 are now available.
 
The FFIEC notice also notes that a financial institution using an outside vendor to identify the tract location of its loan is, itself, responsible for the accuracy of the annual HMDA and CRA submissions, including use of correct geocoding information.
 
The FFIEC is comprised of all federal financial institution regulators, including the National Credit Union Administration and the Consumer Financial Protection Bureau, as well as state regulators.
 
Use the resource link to access the FFIEC information.
Other Resources

FFIEC Release
RSS





print
News Now LiveWire
.@TheNCUA recieved 2,167 comment letters on #RBC2 proposal, as of this morning. http://t.co/ijPFHItc8J
1 hour ago
.@TheKCUA's CUlead gets close up with co-ops http://t.co/r3gxAxx4pI #NewsNow
1 hour ago
.@NYCUAtweets in Albany today/Wed for #StateGAC
2 hours ago
#RBC2: When is final draft on the horizon? See #NewsNow http://t.co/FoiXb48Dqh
2 hours ago
About 1 in 5 #CUs offer credit-building loans,@SchenkMike @CUNA vice president of economics and statistics, told @CreditCardsCom
18 hours ago