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 […]
Read More
The Federal Deposit Insurance Corporation (FDIC) is developing and testing a standardized export of imaged loan documents in an effort to streamline examination processes. This initiative is anticipated to improve efficiencies during onsite examination activities and provide additional opportunities for conducting examination activities offsite.
Read More
The deadlines for implementation of the new Current Expected Credit Losses (CECL) are fast approaching. The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles […]
Read More
The agencies have jointly issued an amended rule that increases the current appraisal threshold for commercial real estate (CRE) transactions from $250,000 to $500,000.
Read More
The Federal Financial Institutions Examination Council (FFIEC) has announced an update on the status of its Examination Modernization Project.
Read More
It is important to bear in mind when conducting regression analysis for fair lending that models must be fit to data.
Read More
In a previous post, we highlighted the CFPB’s request for comment on its Civil Investigative Demand (CID) process. The CFPB is continuing to request comment on other facets of its operations in an apparent attempt to reform the fledgling agency.
Read More
The FDIC last week released stress-testing data for 2018. These are economic scenarios that will be used by certain financial institutions with total consolidated assets of more than $10 billion for stress tests required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Read More
Conventional wisdom for over a decade has predicted all but the complete evaporation of the traditional bank branch as a delivery method for financial services.
Read More
Although the future leadership of the Consumer Financial Protection Bureau remains in limbo, the agency is requesting public comment on its Civil Investigative Demand process.
Read More