FDIC Meeting of Advisory Committee on Community Banking
The FDIC held a meeting of the Advisory Committee on Community Banking on Wednesday, July 12.
Read MoreThe FDIC held a meeting of the Advisory Committee on Community Banking on Wednesday, July 12.
Read MoreThe Fed has increased interest rates 3 times now since December of 2015 resulting in an increase in the Fed Funds Rate of 75 basis points. As rates have been low for a long period of time, the spread between a bank’s cost of funds and the interest rates charged on loans has been […]
Read MoreA recent economic report from the New York Federal Reserve indicates that loan payment delinquencies for household debt reflected increases in the first quarter of 2017.
Read MoreThe Bureau of Labor Statistics has published an interesting study forecasting the future of the U.S. labor force over the next 50 years.
Read MoreThe FDIC reported that net income of commercial banks and savings institutions increased by over 12% or $5 billon from the previous year. The increase was attributable to increases in both net interest income and non-interest income. Over one-half of the nation’s insured institutions reported year-over- year increases.
Read MoreFor decades, banks and those of us who have been involved with regulatory compliance have objected to subjectivity that makes managing compliance matters difficult.
Read MoreIn Part 1 of this post I raised the issue of the new HMDA to be reported March 1, 2018, and how this has the potential to alter the fair lending landscape by increasing the level of risk. Below I detail some of the reasons why I believe this is the case. In a future […]
Read MoreThe update to HMDA reporting is just around the corner, and while most institutions are probably prepared for the data reporting changes, this does not mean those institutions are actually ready. In this series of articles on HMDA 2018, we’ll discuss the fair lending risk implications of the new data that will be made available […]
Read MoreIn April, the Bureau released its fair lending report for 2016. The report summarizes enforcement actions and supervisory activities conducted in 2016.
Read MoreThe ABA has issued a fair lending white paper to Treasury entitled: Fair Lending: Fighting Illegal Discrimination: Promoting Growth for the Whole Community. The paper raises issues with regard to agency regulation and enforcement efforts generally but, more specifically, focuses on the CFPB. It addresses enforcement of redlining, application of disparate impact, and advocates that […]
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