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Fair lending requirements, including Home Mortgage Disclosure Act (HMDA) rules and recent changes affecting credit unions' compliance obligations and exam preparations, were detailed Thursday at NAFCU's Regulatory Compliance Seminar.

Styskal, Wiese, & Melchione's William Adler and Raza Ali led the session, "HDMA and Fair Lending: Preparing for Your Examinations." During their presentation, credit union professionals received an overview on fair lending issues under the Equal Credit Opportunity Act, Fair Housing Act and HMDA. The two provided an in-depth review of HMDA data collection and reporting as enforced by the CFPB, and risk of reporting errors. They addressed HMDA outliers, member complaints and recent fair lending violations.

Attendees yesterday also heard presentations on:

• credit union cybersecurity compliance;
• implementing the Federal Financial Institutions Examination Council's Cybersecurity Assessment Tool;
• Military Lending Act compliance; and
• implementing a complaint tracking system.

Today, the final day of Regulatory Compliance Seminar, credit union professionals will receive updates on the regulatory developments coming out of the NCUA, CFPB and Financial Crimes Enforcement Network (FinCEN). Attendees will also learn how to grant accounts and loans to non-U.S. citizens.

NAFCU's 2018 Regulatory Compliance Seminar will be held in San Antonio, Texas, Oct. 9-12. Register now.