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Article: Wolters Kluwer Financial Services to Help Financial Institutions Comply with Federal Reserve Board's New Regulation C Changes.
- Article from:
- Economics Week
- Article date:
- August 14, 2009
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Wolters Kluwer Financial Services announced the company can help financial institutions prepare to meet the Federal Reserve Board's (FRB's) Regulation C changes that take effect on Oct. 1, 2009. The FRB's revisions were designed to reduce the regulatory burden on mortgage lenders by synchronizing Regulation C's higher-priced mortgage thresholds with the Truth-in-Lending Act's (TILA's) and help improve the accuracy and usefulness of Home Mortgage Disclosure Act (HMDA) loan data.
Beginning in August, Wolters Kluwer Financial Services' CRA Wiz and Wiz Basic technology solutions will test mortgages against the FRB's new higher-priced mortgage thresholds that go into ...