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, […]
RiskExec Release Notes ReportsImproved Efficiency When running Reports in RiskExec RiskExec has updated its system to improve the run time and efficiency of its reports. This is also combined with a New Notification System When Running Reports. Users no longer need to stay in a report until it finishes loading to review the results. A message […]
RiskExec Release Notes Summary of Deposits Data Update The FDIC Summary of Deposits data for June 2022 has been loaded into RiskExec. Redlining Analysis ModuleCSAs and CBSAs Now Available for Redlining Analyses When setting up a Streamlined or Advanced Analysis, users can now choose an Assessment Area Set that is composed of, or includes, areas defined as CSAs […]
RiskExec Release Notes Redlining Analysis Peer and Market Results Now Available in 2022 Dataset Analyses Users are now able to get peer and market results when running a Streamlined or Advanced Redlining analysis using a 2022 dataset. Redlining Analysis: Select In-Scope Geographies Screen Update The purple color in the legend on the Redlining Analysis: […]
RiskExec Release Notes FFIEC Census Data Update RiskExec has been updated to include the most recent FFIEC census data released on August 26, 2022. Fair Lending Module Proxy and Geocode Status A new column has been added to the Datasets list that indicates whether or not proxies have been run. Additionally, the Geocoded column has […]
RiskExec Release Notes Redlining Analysis Module Streamlined Analysis Users can now choose to exclude the Target Respondent when setting up a Streamlined Analysis. Ability to filter by Agency Code, Respondent, and Respondent Type Users are now able to filter any Redlining Analysis by Agency Code, Respondent, and/or Respondent Type. Peer Analysis Module Add Respondent Type […]
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, […]
RiskExec Product Updates Dynamic Import Wizard Pre-Configured Standard Formulas and the Ability to Save Calculated Field Expressions Users now have access to a Standard Formula (a calculated field pre-configured by RiskExec) in the Dynamic Import Wizard that will calculate the Applicant Age and/or Co-Applicant Age. Users also now have the ability to save calculated fields […]
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, […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: Redlining Module When a user runs an Advanced Redlining analysis on a 2022 HMDA or CRA dataset, Peer or Market factors will be excluded from the setup options as the 2022 census tract data differs significantly between 2022 and previous years. The […]
RiskExec Release Notes RiskExec has recently been updated to include the following enhancements: Peer Analysis Module HMDA 2021 National Snapshot The HMDA 2021 National Snapshot was released by the CFPB on June 16th. It is now available for all HMDA Peer 2021 reports in RiskExec. Users can now also download the 2021 HMDA Peer Data, […]
RiskExec Release Notes Redlining ModuleStreamlined Redlining Analysis Users will now see two analysis options: Streamlined Analysis and Advanced Analysis. The Advanced Analysis is the original option to create a New Analysis in the Redlining module. Nothing has changed in the process of setting up a new Redlining analysis when the Advanced Analysis option is selected. […]