April brings many special events – baseball’s home opener, spring showers to bring May flowers, and let’s not forget the CRA Public File update. TCA – A Better Way!
April 1st is Fast Approaching: Did You Update Your CRA Public File? Read More »
We received an email asking if the National Flood Insurance Program (NFIP) had been reauthorized. The NFIP is not authorized perpetually and can only be “reupped” by Congress. TCA – A Better Way!
NFIP Reauthorized through September 30, 2025 Read More »
If you are a federally chartered institution or a state-chartered institution in any state OTHER than Illinois, you can stop reading here unless you are interested. Like some other states, Illinois passed their own Community Reinvestment Act statute in March of 2021 which can be found at 205 ILCS 735. Part of that law requires
Have you updated your Illinois Community Reinvestment Act Lobby and Website Notice? Read More »
The FDIC delayed the implementation date for the updates to 12 CFR 328.4 (Signs for automated teller machines and like devices) and 328.5 (Signs for digital deposit-taking channels) which were originally to go into effect as of January 1, 2025, and postponed to May 1, 2025. TCA – A Better Way!
Updates to Updates to the FDIC Official Signage Rule and Q&A Read More »
If you are a HMDA filer, CFPB has made the filing process more secure or more complicated depending on your viewpoint. According to this quick reference guide, effective January 1, 2025 a Login.gov login, which includes multifactor authentication (MFA), will be required to file your institution’s 2024 HMDA data. Users will no longer have the
New HMDA Filing Login Requirements Read More »
On December 27, 2024 the Consumer Financial Protection Bureau (CFPB) amended the Home Mortgage Disclosure Act (Regulation C) and on December 23, 2024 the Truth in Lending Act (Regulation Z), adjusting the asset-size exemption thresholds for banks, savings associations, and credit unions. TCA – A Better Way!
HMDA and HPML Thresholds Bumped Up for 2025 Read More »
The annual CRA asset-size thresholds for covered financial institutions were announced by the FDIC and Federal Reserve on December 19, 2024 and by the OCC on December 23, 2024 applicable for 2025. TCA – A Better Way!
CRA Asset-size Thresholds Announced for 2025 Read More »
On December 16, 2024, the FFIEC released the public disclosures for CRA data submitted for calendar year 2023. TCA – A Better Way!
FFIEC Releases 2023 CRA Public Data Tables Read More »
With the deadline for reporting entities to register their beneficial ownership information (BOI) with FinCEN’s Beneficial Ownership Secure System (BOSS) just three weeks away, the U.S. District Court of Eastern Texas issued a preliminary injunction blocking the implementation of the Corporate Transparency Act (CTA) citing that the Act is unconstitutional. TCA – A Better Way!
Beneficial Ownership Injunction Read More »
Based on the 3.4% increase in the Consumer Price Index (CPI-W) in effect on June 1, 2024, the Consumer Financial Protection Bureau (CFPB) released a few new thresholds which go into effect on January 1, 2025. TCA – A Better Way!
New Threshold Amounts for 2025 under Regulation Z CARD Act, HOEPA and QM Sections Read More »
