The asset-size threshold used to determine HMDA (12 CFR 1003) applicability will remain unchanged from the 2015 amount. The threshold will be $44 million for 2016. This means any financial institution with an office located in a Metropolitan Statistical Area (MSA) and has assets in excess of $44 million as of December 31, 2015, will be subject to HMDA data collection and reporting requirements in 2016.
Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager.
Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelor’s Degree in Business Administration, and is a graduate of the ABA Compliance School.
Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!