The New York State Legislature officially amended the state Community Reinvestment Act (CRA), Section 28-b of the New York Banking Law, to require the Department of Financial Services to evaluate how banks are serving the credit needs of minority- and women-owned businesses (MWOBs). The Department issued regulation 3 NYCRR § 76.16 (Section 76.16) to implement […]

RiskExec’s HMDA Encompass Integration Download Services Users can now download their RiskExec Geocoding, Edit Checks, or Rate Spread results directly from Encompass. 2025 Census Data The final census data for 2025 HMDA and CRA submissions was released on July 11th and has been loaded into RiskExec. This release includes the FFIEC flat file, the HUD […]

At the recent Fair Lending Forum, we delved into the evolving landscape of consumer protection regulations, highlighting how states are increasingly stepping up their oversight. While federal mandates often capture the spotlight, the New York Department of Financial Services (NYDFS) with its Section 76.16 requirements stands out as a significant example of this trend. In […]