Model Specification for Fair Lending: When Less is More
It is important to bear in mind when conducting regression analysis for fair lending that models must be fit to data.
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22Mar2018
15Mar2018
CFPB Seeks Additional Public Comment
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.
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08Mar2018
Prevalence of Online Mortgage Lending & Fair Lending
The Federal Reserve Bank of New York released in February (2018) a study examining the role of technology-based residential mortgage lending. The report highlights the growth in volume of mortgage lending conducted exclusively over the internet along with other characteristics of this method of service delivery.
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01Mar2018
FDIC Releases Stress-Testing Data for 2018; U.S. Economy Shows Signs of Strengthening
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.
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22Feb2018
The Future of Traditional Brick-And-Mortar Bank Branches Remains a Contradiction
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.
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15Feb2018
CFPB Solicits Public Comment for Civil Investigative Demand (CID) Process
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.
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08Feb2018
Lenders Should be Prepared for Increased Fair Lending Pricing Scrutiny
As is the case with most things in life, the regulatory environment goes through cycles. With respect to fair lending, examinations in the past few years have emphasized issues such as loan underwriting, redlining, and steering as opposed to pricing. Part of the explanation for this is cyclical, but also because examiners have perceived pricing […]
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01Feb2018
OFR Financial System Vulnerabilities Monitor Notes Increased Market Risk
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 established the Office of Financial Research (OFR) to support the Financial Stability Oversight Council, the Council’s member organizations, and the public.
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25Jan2018
FDIC Releases Credit Quality Related Information in Recent Newsletter
The FDIC Supervisory Insights, published by the FDIC’s Division of Risk Management Supervision, Winter 2017 edition contained some important information regarding credit quality and loan asset management.
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22Jan2018
Characteristics of Acquired Community Banks Post-Financial Crisis
Merger and acquisition activity has been on the rise in the last few years among community banks. Extensive research has been done historically on M&A activity in the industry, but an interesting analysis of voluntary mergers post-financial crisis was conducted recently by FDIC economists Eric C. Breitenstein and Nathan L. Hinton. The report focuses on […]
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