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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. 

By Premier Insights

In Fair Lending

Posted March 01, 2019

No Recipe May be a Recipe for Disaster

As a New Orleans native, we are very proud of our cooking and food – and, for good reason. My grandmother had to be one of the best cooks that ever walked the face of the earth. No matter the dish, whatever she was serving up was unbelievably good.

By Premier Insights

In Industry Updates

Posted February 21, 2019

MBA Survey Reports Lower Mortgage Delinquency Rates

After an uptick in the third quarter of 2018, the Mortgage Bankers Association reported delinquency rates on 1-4 family residential properties have fallen to an 18 year low.  This is according to the Mortgage Bankers Association National Delinquency Survey. 

By Premier Insights

In Statistical Analysis, Industry Updates

Posted February 15, 2019

Unraveling the (Seeming) Complexity of CECL

The new CECL standard is presumably designed to enhance the stability of the financial sector by providing more accurate assessments of loan losses.  It also requires a change from the current estimates of loan losses that are produced by most institutions today to projections or forecasts.

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