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By Premier Insights

In Industry Updates

Posted April 11, 2019

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.

By Premier Insights

In Fair Lending, Industry Updates

Posted March 28, 2019

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. 

By Premier Insights

In Industry Updates

Posted March 15, 2019

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. 

By Premier Insights

In Industry Updates

Posted March 07, 2019

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. 

By Premier Insights

In Industry Updates

Posted February 21, 2019

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. 

By Premier Insights

In Statistical Analysis, Industry Updates

Posted February 15, 2019

Unraveling the (Seeming) Complexity of CECL

The new CECL standard is presumably designed to enhance the stability of the financial sector by providing more accurate assessments of loan losses.  It also requires a change from the current estimates of loan losses that are produced by most institutions today to projections or forecasts.

By Premier Insights

In Industry Updates

Posted January 31, 2019

FDIC Chair’s Comments Offer Some Regulatory Perspective & Vision

 

Speaking at the American Bar Association Banking Law Committee Annual Meeting, "Principles of Supervision"; in Washington, D.C., FDIC Chair McWilliams described her vision and priorities for the Corporation. 

By Premier Insights

In Industry Updates

Posted January 17, 2019

Mounting Economic Concerns Reinforce Need for CECL Preparation

As concerns continue to grow for investors due to market volatility and increasingly pessimistic economic forecasts, financial institutions should be paying particular attention. The economic news, coupled with the prospect of more interest rate hikes, not only create conditions for weakening asset quality and earnings but also highlights the importance of measuring these potential impacts on loan portfolios. 

By Premier Insights

In Industry Updates

Posted January 03, 2019

Agencies Allow Three-Year Regulatory Capital Phase In for CECL

On December 21, the OCC, FDIC and the Fed Board of Governors approved a final rule modifying their regulatory capital rules and providing a phase-in period of three years of the day-one regulatory capital effects of CECL. The final rule will take effect April 1, 2019.

By Premier Insights

In Industry Updates

Posted December 27, 2018

FDIC Proposes Rule to Reduce Stress-Testing Burden

Representing a significant change, the FDIC is requesting comment on a proposed rule that would amend the existing stress testing regulations to increase the minimum threshold for applicability from $10 billion to $250 billion, revise the frequency of required stress tests by FDIC-supervised institutions, and reduce the number of required stress testing scenarios from three to two.

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