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Implementing CECL: 6 Key Considerations for Risk and Compliance Teams

You are no doubt aware of the significant changes with the implementation of the Current Expected Credit Loss (CECL) accounting standard. CECL represents a major shift in the way that financial institutions have historically estimated and set aside funds for credit losses on loans and other financial instruments. The evolving regulatory scrutiny associated with these […]

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Uncharted Waters: 4 Challenges Facing Small Business Lenders Under the Proposed CFPB Rule

Overview Earlier this month, there was a major development that could prove to be very significant in regard to fair lending. On September 1st, the CFPB released its proposed rule regarding small business lending data collection. The rule, mandated under the Dodd-Frank Act, and, if finalized and implemented, will require lenders to collect and report […]

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Fintech 2.0 and Beyond: ABA Insights Into Innovative Technology in Banking

In early May 2021, the American Bankers Association held their ABA Innovation Expo virtual conference. Two of the sessions presented by Robert Morgan (SVP, Office of Innovation) stood out in highlighting how banks are implementing innovative technology as well as in revealing surprising insights into how fintechs and banks are evolving with digital lending. The […]

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May 2021 Economic Outlook for Banks

The U.S. economy grew at an annual rate of 6.4% in the first quarter.  Growth was robust, but below expectations.  While recovery began in the third quarter, growth has been inconsistent with a relatively weak growth in the fourth quarter.  As of the first quarter, real GDP had not yet reached the pre-pandemic level set […]

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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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