Understanding and managing exceptions to loan policy is a critical component of a financial institution’s fair lending risk management. It is important to understand how exceptions are defined and how they are tracked and managed. In today’s post, we focus on the former and will discuss options for management in the future.
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The FDIC has released its Summer edition of its Supervisory Insights Journal. The Summer 2017 issue of Supervisory Insights features two articles of interest to examiners, bankers, and supervisors.
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As we have noted previously, banks across the board are performing better in regard to earnings. This is in part due to an improving economy and consumer confidence, but also to the rising rate environment. Although rates are still at historic lows, prime is one percentage point above the 10 year low of 3.25 and […]
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New guidelines were released last week (August 23, 2017) for HMDA transaction testing. The guidelines explain the testing procedures and the error tolerance thresholds for resubmission of HMDA. Institutions in which a review reveals the amount of errors exceeds these tolerances will be required to resubmit their HMDA data.
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The FDIC Reports Insured Institutions Earn $48.3 Billion in The Second Quarter of 2017 & Community Bank Net Income Rises to $5.7 Billion in Second Quarter 2017
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We have discussed previously some general aspects of managing the regulatory fair lending examination process. In this post we discuss one of the most critical aspects: specifically – the criteria interview.
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The state of the economy was the subject of one of our posts last week. The New York Fed has just released a concise and useful summary of current indicators. These are summarized below.
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There is a flood of economic indicators that one can evaluate with new data being released almost daily. There are national and state governmental agencies dedicated solely to analyzing and forecasting economic conditions and trends and a host of private firms that do the same thing. But what IS the state of the U.S. economy?
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There are often game-changers in the world of regulatory risk.
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Since the financial crisis of the last decade and what has become known as the “Great Recession”, there has been much debate and finger pointing in terms of the underlying cause and what could have been done differently. Some of it is myth, mystery, and urban legend as speculation continues to attempt to pinpoint the […]
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