FDIC Chairman Martin Gruenberg in the Press Release dated November 21, 2017, stated, “This was another positive quarter for the banking industry. But while overall performance improved, the interest-rate environment and competitive lending conditions continue to pose challenges.”
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The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency – announced last week that data on small business, small farm, […]
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The federal bank regulatory agencies have amended their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA).
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Total household debt increased by $116 billion to reach $12.96 trillion in the third quarter of 2017, according to the latest Quarterly Report on Household Debt and Credit released today by the New York Fed’s Center for Microeconomic Data.
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The Federal Reserve’s U.S. Economy in a Snapshot shows increases in consumer spending along with continued positive signals from the housing market.
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The Federal Reserve Bank of New York recently released its Markets Data Dashboard which consolidates into one place much of the financial data maintained and made available. The dashboard provides important benchmarks as well as links to other data.
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Analysis of loan data indicates weakness in your institution’s lending activity in low-to-moderate income (LMI) and minority-majority geographies – now what?
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The Federal Financial Institutions Examination Council (FFIEC) issued HMDA Examiner Transaction Testing Guidelines (the Guidelines) establishing procedures for examination staff to use when validating HMDA data, but those guidelines did not establish designated key data fields. Various agencies have now addressed this issue.
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With deadlines for implementation of the new Current Expected Credit Loss (CECL) standards fast approaching, financial institutions are in need of data and methods to address the need for more robust and quantitative approaches to credit quality these new rules will require.
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The agencies have issued a FAQ regarding the applicability of the liquidity coverage ratio (LCR) rule (12 CFR Part 329) in specific situations.
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