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.
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09Aug2018
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).
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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.
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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.
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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.
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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 […]
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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.
Read MoreHouse and Senate Pass Bills Exempting Certain Depository Institutions From New HMDA Requirements
On January 18, 2018, the House passed H.R.2954, the Home Mortgage Disclosure Adjustment Act. The bill exempts certain depository institutions from collecting and reporting various expanded HMDA data points in the CFPB’s 2015 amendments to Regulation C that became effective on January 1, 2018.
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15Jun2018
FDIC Swears in 21st Chairman
Jelena McWilliams has been sworn in as the 21st Chairman of the Federal Deposit Insurance Corporation (FDIC). She succeeds Martin J. Gruenberg, who has served on the FDIC Board since August 22, 2005, as Vice Chairman and Acting Chairman before becoming Chairman on November 29, 2012.
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07Jun2018
Initial Release of 2017 Public HMDA Data Now Available
An initial release of calendar year 2017 public HMDA data is now available. Historically not made available until early fall of the following year, these data were released in early May.
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