The CFPB has released a beta version of its HMDA Platform. This will allow users to familiarize themselves with it as well as to determine whether their LAR data complies with reporting requirements.
This beta version can be used to test the filing process, as it will give you the ability to upload and validate sample data, as well as receive edit reports and confirm submission of the test data. Users will need to establish a test login.
The system can be used to test the filing process as many times as you would like until January, at which time, all test accounts and uploaded data will be removed in preparation for actual HMDA data filing.
Feedback on the system is encouraged and can be sent to: HMDAfeedback@cfpb.gov
Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients.
Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!