Agencies Release Statement on Implementation of Regulatory Relief

The various regulatory agencies have released statements concerning the Economic Growth, Regulatory Relief, and Consumer Protection Act Amendments which provide regulatory relief for a significant number of institutions. These affect both compliance matters, specifically, the Home Mortgage Disclosure Act (HMDA) as well as safety and soundness issues.

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The Essentials of CECL: What Your Institution Needs to Know

The implementation dates for the new accounting standard known as CECL are fast approaching. As with any new regulatory or compliance change, there is often a great deal of uncertainty and ambiguity surrounding meeting the requirements. In this post, we attempt to cut through the noise and provide a concise summary of the fundamentals and […]

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Federal Reserve to Host Webinar on Fair Lending and UDAP Risks of Fintech

The term “Fintech” has come to mean essentially any application of technology for delivering financial services. More specifically, the term represents a rapidly growing space of alternative lending facilities that are outside of the traditional banking industry.

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House and Senate Pass Bills Exempting Certain Depository Institutions From New HMDA Requirements

On January 18, 2018, the House passed H.R.2954, the Home Mortgage Disclosure Adjustment Act. The bill exempts certain depository institutions from collecting and reporting various expanded HMDA data points in the CFPB’s 2015 amendments to Regulation C that became effective on January 1, 2018.

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FDIC Swears in 21st Chairman

Jelena McWilliams has been sworn in as the 21st Chairman of the Federal Deposit Insurance Corporation (FDIC). She succeeds Martin J. Gruenberg, who has served on the FDIC Board since August 22, 2005, as Vice Chairman and Acting Chairman before becoming Chairman on November 29, 2012.

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Initial Release of 2017 Public HMDA Data Now Available

An initial release of calendar year 2017 public HMDA data is now available. Historically not made available until early fall of the following year, these data were released in early May.

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Community Banks Record Another Positive Quarter of Earnings

Likely benefiting from rising interest rates and a strengthening economy, net income at community banks increased 17.7% from first quarter of 2017 based on the FDIC Quarterly Banking Profile. (available at https://www.fdic.gov/bank/analytical/qbp/2018mar/qbpall.html). 

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FFIEC Releases Examination Procedure for Customer Due Diligence and Beneficial Ownership Aspects of BSA/AML

The Federal Financial Institutions Examination Council (FFIEC) is releasing the customer due diligence and beneficial ownership sections of the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.

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The Importance of Sample Segmentation for Regression Analysis

One of the first questions before beginning any type of statistical analysis is what data are included and how should the sample or samples be formulated and segmented. In previous posts, we have addressed various nuances in regard to regression modeling and how the inappropriate application of regression and modeling techniques to real world issues […]

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FDIC To Host Lending Technology Forum

  With the proliferation of Fintech, even smaller community banks are exploring different forms of automation in the lending process in an attempt to improve speed and efficiency of their processes.  As online lenders now expand into the once sacred ground of small business lending (traditionally been dominated by the community bank), there are pressures […]

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