Author: Premier Insights

Premier Insights - Articles by: Premier Insights

Redlining Risk & Data Analysis for Fair Lending in a Nutshell

With respect to potential fair lending issues, redlining has remained a significant focus during regulatory examinations for a number of years. There are a number of critical pressure points that should accompany an institution’s self-evaluation of redlining risk. These points are broad and range from marketing efforts, products, branch locations, delineation of assessment and market […]

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John F. DeLancey Joins Premier Insights and Radiant Lending Technologies

Radiant Lending Technologies and parent company Premier Insights are pleased to announce the addition of John DeLancey as Chief Technology Officer and Vice President of Engineering. DeLancey formally joined the companies in January 2021, although he had been working with them for many years in his role as owner of White Raven Technology LLC. His […]

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There Is No Shortcut to Effective Fair Lending Policy

In previous posts (see The Fair Lending Risk of Good Intentions) we have discussed fair lending risks associated with certain well-intended practices.  In an effort to avoid fair lending risks, institutions may find it tempting to have practices that either favor protected classes or policies that eliminate any variation in pricing or decisioning in an […]

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Important CRA & Redlining Update: It’s Time to Think About 2020

2020?  Yes, 2020.  With the bizarre nature of last year, it is easy to overlook some of the year’s significance.  One is that 2020 was a Decennial Census year, with the population of the U.S. recounted.  It is never too early to think about this as there will likely be changes that will affect those […]

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Making Sense of the Current Economy – What to Expect

Between Covid-19, multiple hurricanes, social unrest, and Murder Hornets, the year 2020 has been strange, if not bizarre, to say the least.  The year has also been “interesting” when it comes to the economy.  Today we will discuss where we are and what we might expect in the coming months. Defining Terms The National Bureau […]

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Cutting Through the Murkiness: Fundamentals of the Comparative Review for Fair Lending

Fair lending concerns are one of the dominant risks lenders face in regard to their business operations. Although larger lenders typically have significant resources in place to mitigate these risks, and there has been an emphasis in the last decade on quantitative methods for fair lending evaluation, there remains a great deal of subjectivity in […]

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Technological Innovation in the Community Bank Space

The banking industry is entering a new chapter as the use of technology shifts from optional to mandatory in order to remain relevant in the current global and economic environment. As of July 20, 2020, the FDIC has released a request for information as part of its initiative to promote the efficient and effective adoption […]

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Public HMDA 2019 Overview and What Lenders Should Know

Below, we provide a summary of the recently released 2019 HMDA data, and keys for understanding the importance of these data. The Basics Enacted by Congress in 1975, and implemented by Regulation C, the Home Mortgage Disclosure Act (HMDA) is considered “the most comprehensive, publicly available information on mortgage market activity.”  Its purpose is to […]

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The Final CRA Rule: Differences in the Proposed and the Final Rule

As of May 20th, 2020, the Office of the Comptroller of the Currency has finalized a new rule to “strengthen and modernize” its regulations for the Community Reinvestment Act (“CRA”). This final rule is designed to “increase bank CRA-related lending, investment, and services in low- and moderate-income communities where there is significant need for credit, […]

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Making Sense of COVID-19 Numbers: 5 Keys to Data Interpretation

Making Sense of COVID-19 Numbers: 5 Keys to Data Interpretation

We have discussed in previous posts reliance on data and how technology and the instant access to information has been transformative in society.  Technology and quick access to data continues to expand as does reliance on it.  With such a deluge of various sources, both in terms of raw numbers and “processed” or interpreted information, […]

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