Even if a financial institution did not receive an FDIC letter fining it for consistently inaccurate or late HMDA data, it does not mean one isnt in the mail. Only six of the 43 banks or subsidiaries regulated by the agency hit by civil money penalties sent in their checks.The others, according to David Barr, Federal Deposit Insurance Corp. spokesman, may be hoping for a reprieve through appeals.

The FDIC has become the first regulator to issue fines for late or inaccurate HMDA data. However, it more than likely will not be the only one to target banks and thrifts that do not take the regulations seriously enough to file accurate and timely data.

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