Prepare for changes in data collection rules 2

first_imgby: Edward Kramer, EVP, Wolters Kluwer Financial ServicesIn part I of this series, the new data fields that the Consumer Financial Protection Bureau (CFBP) seeks to collect for more HMDA reporting transparency and timeliness and concerns about potential misinterpretation of newly collected data was addressed.To wrap-up, we will consider the known and unknown factors related to this regulatory change and conclude with a list of key tips you can use to prepare your credit union for these pending changes.Imminent Compliance and Technology Challenges Are ClearAlthough most industry observers expect issuance of the final regulation sometime in 2015, we don’t yet know which specific data fields will be included, nor the amount of time institutions will have to prepare before the requirements go into effect. We also do not know if or how much of any additional data collected will be made public by the regulators.Protecting the privacy of personally identifiable financial information should be a priority. The inclusion of items such as credit scores, borrower age, and other personal data may raise legitimate privacy concerns, particularly if it becomes possible to identify a specific consumer by combining the new data with other publicly available data. continue reading » 44SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Šetkić in the Second Round of ITF Futures Tournament in Istanbul

first_img(Source: Fena) Šetkić, who is the first holder of the tournament defeated in the first round a Turkish player Altug Celikbilek with 6:2, 6:1. B&H tennis player Aldin Šetkić is qualified in the second round of ITF Futures tournament in Istanbul, worth 10.000 dollars.center_img In the match to qualify for quarterfinals Šetkić will play against the winner of the match Matija Pecotić (CRO) – Muhhamet Haylaz (TUR).last_img

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Enerplex construction on time, Lantz says

first_imgThe Enerplex construction is coming along nicely, Mayor Bruce Lantz says.He says despite the delays, he expects the construction will be complete on time and on budget. [asset|aid=1197|format=mp3player|formatter=asset_bonus|title=8522c839aca0ee5eac73d9ffec216277-Lantz Enerplex 1_1_Pub.mp3]- Advertisement -He also says the city is letting businesses set a price on the naming rights.Lantz says in times like these, the city wants to allow for negotiation on a reasonable price. The business with the top bid will have its name alongside the Enerplex.The city originally set a three million dollar goal for sponsorships. Lantz says he hopes the goal will be matched, but doesn’t have high expectations. Advertisement Meanwhile, he says a solution has been found for the padding around the oval. [asset|aid=1198|format=mp3player|formatter=asset_bonus|title=8522c839aca0ee5eac73d9ffec216277-Lantz Enerplex 2_1_Pub.mp3] Lantz says engineers are outlining a parking plan that will be ready in the next couple of days.last_img read more

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