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:
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21Jun2019
13Jun2019
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 […]
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31May2019
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 […]
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16May2019
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 […]
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11Apr2019
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.
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28Mar2019
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.
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15Mar2019
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.
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07Mar2019
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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01Mar2019
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.
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21Feb2019
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.
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