Premier Insights, Author at Premier Insights

30Aug2018

Fair Lending Statistics 101: What is a Distribution?

Fair lending analysis is becoming increasingly technical, which means a basic understanding of statistics is becoming increasingly important. This video is the first in a series of videos aimed at refreshing your memory on - or perhaps teaching you for the first time - statistical concepts that are fundamental to fair lending analysis. We begin [...] Read More

23Aug2018

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, […]

16Aug2018

The Fair Lending Risk of Good Intentions

Fair Lending laws and regulations prohibit discrimination on prohibited bases, including race, gender, age and ethnicity.

09Aug2018

FDIC Publishes Nostalgic Issue of Consumer News in Commemoration of 25 Years

Initially published in 1993, the FDIC Consumer News newsletter is celebrating 25 years of publication.

02Aug2018

Understanding What is Not in the Data: A CECL Illustration

In our last post, we discussed the importance of understanding both what is and what is not included in the data for regression analysis. In this post, we further emphasize this point with an illustration relevant to a common CECL methodology – the probability of default/loss given default method (PD/LGD).

26Jul2018

What the Data is and is Not

The first and most important step of any quantitative analysis is understanding what the data consists of. This, unfortunately, is many times ignored in econometric analyses.

19Jul2018

Leveraging CECL To Enhance Efficiency and Profitability

The new CECL standards fundamentally change the allowed loan and lease loss (ALLL) calculation for GAAP-reporting institutions.

13Jul2018

Agencies Release Statement on Implementation of Regulatory Relief

The various regulatory agencies have released statements concerning the Economic Growth, Regulatory Relief, and Consumer Protection Act Amendments which provide regulatory relief for a significant number of institutions. These affect both compliance matters, specifically, the Home Mortgage Disclosure Act (HMDA) as well as safety and soundness issues.

05Jul2018

The Essentials of CECL: What Your Institution Needs to Know

The implementation dates for the new accounting standard known as CECL are fast approaching. As with any new regulatory or compliance change, there is often a great deal of uncertainty and ambiguity surrounding meeting the requirements. In this post, we attempt to cut through the noise and provide a concise summary of the fundamentals and […]

28Jun2018

Federal Reserve to Host Webinar on Fair Lending and UDAP Risks of Fintech

The term “Fintech” has come to mean essentially any application of technology for delivering financial services. More specifically, the term represents a rapidly growing space of alternative lending facilities that are outside of the traditional banking industry.

Author: Premier Insights