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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Most community banks have some type of program or programs in which they attempt to cater to the more affluent market. Since the number of people fitting this category is somewhat limited, many banks have instituted or are attempting to institute efforts to gain market share among this segment of potential bank customers.
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Economic growth post-recession for this cycle has been very low with an average of about 2% annually. Since roughly 2/3 of GDP is comprised of consumer expenditures, the level of consumer spending is obviously very important when gauging economic conditions. An important indicator of this is consumer confidence, which in turn influences household spending behavior.
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The New York Fed latest Survey of Consumer Expectations suggests that consumer confidence is weakening with respect to the national economy.
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There is a great deal of discussion concerning the practice of conducting fair lending analyses of non-HMDA reportable lending using proxy methods. Recall that when analyzing such data, there is no information pertaining to the race, ethnicity, or gender of the applicant. Instead, we use a proxy, a variable that is correlated with, but not equal […]
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The new HMDA rules which will begin taking effect in 2018 is the single most significant compliance change with regard to HMDA since its beginning in 1975. The FDIC is hosting an important teleconference to discuss requirements and best practices.
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