HUD And First-Citizens Bank & Trust Company Resolve Fair Lending Complaint

HUD Filed Against First Citizens Bank and Trust Co. in 2011 After Conducting an Analysis of 2010 Home Mortgage Disclosure Act (HMDA) Data By Jeff Sorg, OnlineEd Blog (June 9, 2016) – The U.S. Department of Housing and Urban Development (HUD) today announced an agreement with First-Citizens Bank & Trust Company, resolving allegations that the bank denied

In Wake of Audits CFPB Issues HMDA Bulletin to Put Banking Industry on Notice

(OnlineEd – Portland, OR) – To date, the CFPB has conducted HMDA (Home Mortgage Disclosure Act) reviews at dozens of mortgage lenders, both bank and nonbank. In the wake of these audits, the Bureau has issued an industry wide bulletin to help banks and nonbanks realize the importance of accurate reporting, effective HMDA compliance management