The deadlines for implementation of the new Current Expected Credit Losses (CECL) are fast approaching. The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles […]
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Economist Karl Popper referred to science as the “art of systematic over-simplification.” Indeed, if science is discovery and knowledge creation, that certainly cannot take place through “systematic over-complication.” Knowledge can only be created by that which is understood, and often the pathway there is through simplification.
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The agencies have jointly issued an amended rule that increases the current appraisal threshold for commercial real estate (CRE) transactions from $250,000 to $500,000.
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The Federal Financial Institutions Examination Council (FFIEC) has announced an update on the status of its Examination Modernization Project.
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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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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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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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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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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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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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