A recent report by the Office of Financial Research indicates the financial system is stable and resilient but highlighted some emerging threats. Specifically, the report highlights elevated market risk and increased risks of cybersecurity incidents.
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An inter-agency webinar featuring “hot topics” was conducted Thursday, November 16th and included officials from the CFPB, Federal Reserve, FDIC, HUD, NCUA, OCC, and the Department of Justice. The webinar covered issues related to the new HMDA data and fair lending. Although there was nothing covered that was entirely new with regard to fair lending, […]
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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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