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By Premier Insights

In Fair Lending, Commercial Lending

Posted August 08, 2019

CFPB Annual Fair Lending Report Addresses Small Business Lending

The Bureau of Consumer Financial Protection issued its seventh Fair Lending Report to Congress.  The report, released June 28, 2019, describes the Bureau's fair lending activities in prioritization, supervision, enforcement, rulemaking, interagency coordination, and outreach for calendar year 2018.

By Premier Insights

In Fair Lending, Statistical Analysis

Posted June 28, 2019

Maintaining Proper Perspective of Statistical Methods for Fair Lending Evaluation

We have discussed previously in various posts some of the challenges of using regression and other statistical methods for fair lending reviews as well as the current emphasis on quantitative methods.   Over the last 10 years, the regulatory and enforcement agencies as well as institutions have been gravitating more and more towards statistical methods when it comes to assessing fair lending performance and issues.

By Premier Insights

In Industry Updates

Posted June 21, 2019

FDIC Releases Compliance Report Card for 2018

The FDIC released a compliance summary noting key findings and performance of the banks examined in 2018.  The report states:

By Premier Insights

In Industry Updates

Posted June 13, 2019

FDIC Chair Touts America, Banking, Regulation, and Inclusion

In a speech on June 12, 2019, at CATO Summit on Financial Regulation, FDIC Chair McWilliams talked about the nation and the banking system’s role in society and economic well being.  Drawing extensively from her own background and experiences as an immigrant to the United States, she noted one role of the FDIC as promoting economic inclusion.

By Premier Insights

In Industry Updates

Posted May 31, 2019

Banking Industry Reports Another Positive Quarter

FDIC insured institutions report $60.7 billion in aggregate net income in the first quarter of 2019, an 8.7 percent increase from a year earlier. Net interest income increased by $7.9 billion from a year earlier, explaining the jump in overall net income. Nearly 80 percent of banks reported increased net interest income from a year earlier, and the average net interest margin rose from 3.32 percent to 3.42 percent.

By Premier Insights

In Fair Lending

Posted May 16, 2019

The Importance of Product & Service Training To Enhance Fair Lending Compliance

In previous posts we have emphasized the importance of customer service as an aspect of managing fair lending risk. Since fair lending deals primarily with treatment of applicants, and the agencies recognize that discrimination can take place at any aspect of the transaction, inconsistency in levels of service could constitute fair lending risk. Consequently, having good customer service that is consistent among all staff is an important piece of risk management. 

By Premier Insights

In Industry Updates

Posted April 11, 2019

Agencies Release Updated FAQs for CECL

The federal financial institution regulatory agencies issued updated FAQs for the new accounting standard on credit losses. The newly issued FAQs include both changes to previously issued FAQs and new FAQs.

By Premier Insights

In Fair Lending, Industry Updates

Posted March 28, 2019

FDIC Chair McWilliams Addresses “Regulatory Tone” In Examinations

In a speech earlier this year, FDIC Chair Jelena McWilliams provided some insights concerning her vision with regard to bank regulation. 

By Premier Insights

In Industry Updates

Posted March 15, 2019

FDIC & Duke Announce to Host Technology Conference

Changing and advancing technology continues to impact the financial services industry. This influence is far reaching, and has implications not only related to consumer preferences but also to raise policy and regulatory questions. 

By Premier Insights

In Industry Updates

Posted March 07, 2019

OIG Report Recommends CFPB Improve Process Regarding MRA’s

The Office of Inspector General issued a report dated January 28, 2019 with recommendations designed to improve the Bureau Division of Supervision, Enforcement and Fair Lending’s (SEFL) Matters Requiring Attention (MRA) follow-up process. 

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