Category: Industry Updates

Premier Insights - Industry Updates

Highlights of 2018 Expanded HMDA Public Release

The long awaited release of the expanded Home Mortgage Disclosure Act Loan Application Register (HMDA LAR) Data reported by filers in 2018 is now publicly available.  These data contain elements that have not been reported by filers before, including critical loan decision attributes as well as specific data concerning loan pricing.  In all, there are […]

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FDIC Initiates Efforts to Improve the Examination Experience

Regulatory exams are a way of life in the financial industry.  Institutions, especially commercial banks, face examinations on a regular basis from both federal and state agencies.  Examinations are generally divided into (2) categories: (a) compliance and (b) safety and soundness.  Although frequency varies with the type of examination, the regulatory agency, and the size […]

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Household Debt Surpasses Pre-Recession Levels

The financial crisis of over a decade ago is now behind us. For many, it is not much more than a distant memory. Although the causes and possible preventions have been theorized about and discussed extensively, and will be for future generations, there is no question that the underlying dynamic was the real estate asset […]

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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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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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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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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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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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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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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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