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The Premier Insights Blog

By Premier Insights

In Fair Lending, Industry Updates

Posted December 13, 2018

FDIC Continues to Promote Bank Startups

On December 6, the FDIC announced actions to promote a “more transparent, streamlined, and accountable deposit insurance application process” to encourage the establishment of new, or de novo, banks.

By Premier Insights

In Industry Updates

Posted December 06, 2018

CFPB Poised to Have New Director Soon

Under the current administration the Consumer Financial Protection Bureau has been operating under the direction of Mick Mulvaney, who is also the head of the Office of Management and Budget. The Bureau is now poised to have a new director, Kathleen Kraninger, who many industry observers believe will be confirmed.

By Premier Insights

In Industry Updates

Posted November 29, 2018

Banks Report Record Profits, Agencies Propose Capital Requirements

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $62 billion in the third quarter of 2018, up $14 billion (29.3 percent) from a year ago. The improvement in earnings was attributable to higher net operating revenue and a lower effective tax rate. 

By Premier Insights

In Industry Updates

Posted November 15, 2018

2017 Community Reinvestment Act Reportable Loans Released

On October 25, the Fed Board of Governors, the FDIC and the OCC released the 2017 data on small business, small farm and community development lending reported by commercial banks and savings association as required by the Community Reinvestment Act (CRA).

By Premier Insights

In Industry Updates

Posted October 18, 2018

Community Banks and Small Business Lending

Community Banks are important economic cornerstones in many communities throughout the nation.  According to call report data, commercial banks with less than $10 billion in assets hold 17 percent of total banking assets in the United States but roughly 53 percent of small loans to businesses. From 2008 to 2017, the number of banks this size in the country decreased by one-third and total assets dropped by 14 percent. At the same time, larger bank assets increased by 13 percent over the same period.

By Premier Insights

In Industry Updates

Posted October 11, 2018

Financial Sector Risk in A Digitally-Dominant World

In response to the changing risk landscape, the Depository Trust & Clearing Corporation (DTCC) published a whitepaper titled, “The Next Crisis will be Different: Opportunities to Continue Enhancing Financial Stability 10 Years after Lehman's Insolvency.”

By Premier Insights

In Industry Updates

Posted October 04, 2018

Legislation Proposed To Expand The Community Reinvestment Act

On September 26, 2018, United States Senator Elizabeth Warren (D-Mass.) introduced the American Housing and Economic Mobility Act. Among other things, the legislation expands the scope of the Community Reinvestment Act (CRA), grants $500 billion in subsidies to homeowners and investments in low-income housing projects.

By Premier Insights

In Industry Updates

Posted September 20, 2018

Agency Statement Regarding Supervisory Guidance and What it May Mean To Your Institution

Banking regulations contain a degree of subjectivity. Regulations are broad and pertain to the entire industry, but institutions can vary significantly in operations and size even within the subsets of rules that apply to each. Practically speaking, this often leaves the examination process subject to interpretation in terms of what is compliant and what is not.

By Premier Insights

In Industry Updates

Posted September 06, 2018

Achieving CECL Compliance in One Easy Lesson

We have discussed the essentials of CECL in a previous post in which we explained the new requirements. Below we show a simple path toward CECL compliance which may serve as a catalyst toward more refined and robust methods.

By Premier Insights

In Industry Updates

Posted August 23, 2018

Treasury Report Promotes Use of Innovation & Technology in Financial Industry

In response to an executive order signed by President Trump on February 3, 2017, the U.S. Department of the Treasury released a series of reports. These reports identify government policies that promote or inhibit regulation of the U.S. financial system in a manner consistent with the administration’s stated Core Principles. The most recent of these reports, released in July 2018, addresses nonbank financial institutions, financial technology, and financial innovation.

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