SoFi Selects RiskExec® SaaS Platform For Community Reinvestment Act Data Management and Analysis

RiskExec Press Release Washington, D.C. (September 12, 2023) - RiskExec, Inc. (“RiskExec”) today announced that SoFi – the digital personal finance company – will rely on RiskExec’s software for compliance and reporting purposes. RiskExec is a leading SaaS compliance and reporting platform designed for managing regulatory compliance for banks, mortgage lenders, credit unions, auto lenders, and […]

2024 HMDA FIG and Supplemental Guide for Quarterly Filers Available

2024 HMDA FIG The CFPB announced that the Filing Instructions Guide (FIG) for Home Mortgage Disclosure Act (HMDA) data collected in 2024 is now available. The 2024 FIG is a technical resource to help financial institutions file HMDA data collected in 2024 and reported in 2025.  They have also released the Supplemental Guide for Quarterly […]

2023 A Guide to HMDA Reporting: Getting It Right! is now available

2023 HMDA The "2023 A Guide to HMDA Reporting It Right!" is now available on the FFIEC's website.  Click here to access the guide.  

Preliminary 2022 HMDA Peer Modified LARs available in RiskExec

2022 HMDA Peer LARs On March 20, 2023, the CFPB released the preliminary 2022 HMDA Peer Modified LARs. Our team has downloaded, converted, and checked the data.  It is now loaded into RiskExec for immediate use. This year’s data has over 16 million records as compared to 26.12 million for 2021. In 2022, there were approximately […]

Varo Bank Selects RiskExec®’s SaaS Fair Lending Platform Furthering Varo’s Commitment to Economic Mobility

RiskExec Press Release March 16, 2023 (Washington, D.C.) - Today, RiskExec, Inc. (“RiskExec”) announced its compliance software has been selected by Varo Bank to conduct Fair Lending analytics for its innovative financial products serving Americans living paycheck to paycheck, Varo Advance and Varo Believe. Varo Bank (www.varomoney.com) is the first all-digital, nationally-chartered U.S. consumer techbank […]

Community Reinvestment Act (CRA) Expert Sarah Brons Joins RiskExec Team

RiskExec Press Release March 14, 2023 (Washington, DC) - RiskExec® is pleased to announce that industry leading CRA professional, Sarah Brons, has joined RiskExec as Senior Vice President, CRA Products and Services.  In this newly created role, Sarah will oversee the design and enhancement of RiskExec’s SaaS-based CRA module, shaping features and functions to meet […]

Ironhorse Funding LLC Chooses RiskExec® SaaS-Platform for Fair Lending Compliance

RiskExec Press Release March 9, 2023 (Washington, D.C.) - Today, RiskExec® announced its fair lending analytics SaaS-based platform has been selected by Ironhorse Funding LLC (“Ironhorse”). Ironhorse is a leading provider of innovative, full-credit spectrum finance solutions to enthusiasts and dealers in the motorcycle, powersports, RV and marine markets. Ironhorse will utilize the RiskExec platform […]

2023 OCC Fair Lending Guidelines Published

2023 OCC Fair Lending Guidelines Click here to access the 2023 OCC Fair Lending Guidelines: https://occ.gov/publications-and-resources/publications/comptrollers-handbook/files/fair-lending/index-fair-lending.html

Coming Soon: RiskExec's 1071 Small Business Lending Module

1071 Small Business Lending What is 1071? Congress directed the Consumer Financial Protection Bureau (CFPB) to adopt regulations governing the collection of small business lending data under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1071 amends the Equal Credit Opportunity Act (ECOA) under Dodd Frank, to require financial institutions to compile, maintain, […]

First Financial Bank Selects RiskExec® SaaS Platform for Fair Lending Compliance

RiskExec Press Release August 16, 2022 (Washington, D.C.) - Today, RiskExec, Inc. (“RiskExec”) announced its software has been selected by Abilene, TX based First Financial Bank to assist in automating HMDA, CRA, Fair Lending processes. RiskExec is a leading SaaS compliance and reporting platform designed for managing regulatory compliance for banks, mortgage lenders, credit unions, […]

Yamaha Motor Finance Corporation, U.S.A. Selects RiskExec® SaaS-Platform

RiskExec Press Release July 14, 2022 (Washington, D.C.) - Today, RiskExec® announced it has been selected by Yamaha Motor Finance Corporation, U.S.A. (“Yamaha Motor Finance”) to provide its software to assist in the Fair Lending Analysis of Yamaha Motor Finance’s retail portfolios. Yamaha Motor Finance is a wholly owned subsidiary of Yamaha Motor Corporation, USA, […]

2020 Community Reinvestment Act (CRA) Peer Data Now Available in RiskExec

2020 CRA Peer Data This dataset includes small business, small farm, and community development lending data reported by certain commercial banks and savings associations. The data is available in RiskExec’s Peer Analysis module. The three Federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) - the Board of Governors of the Federal […]

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