Last week, the Federal Reserve System published the latest edition of the Consumer Compliance Outlook . This issue includes an article entitled HMDA Data Collection and Reporting: Keys to an Effective Program , which outlines, among other things, a few best practices for creating and maintaining an effective HMDA compliance program. The NAFCU compliance team has published plenty of blog posts about HMDA explaining threshold updates and data collection requirements, but today’s blog will focus on some of the suggested practices that may strengthen a credit union’s HMDA compliance program. These have been identified in the article as “sound practices” and include ensuring accurate data collection, tools, training, data verification, and data reporting.