One of the challenges in analyzing consumer data for fair lending is the lack of protected-class status, such as race, gender and ethnicity. There are solutions for approximating this data, but they offer their own challenges in turn.
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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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Today, August 1, 2017, marks the beginning of the 23rd year of Premier Insights. As I look back over the last two decades I am very grateful – thankful for our success and for the many clients and other tremendous individuals and firms we have had the opportunity to work and partner with over the […]
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We have discussed previously some of the limitations of regression analysis and the importance of an appropriate sample. In today’s post we delve a little deeper into these issues and provide a broader perspective to amplify these points.
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Historically, business lending has not been the focus of fair lending reviews during bank examinations. The focus is usually on HMDA reportable applications since government monitoring information (GMI) is available and, therefore, protected and non-protected classes status is readily identifiable. How is that changing today?
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Evaluating redlining risk can take a number of forms and methods. In a recent webinar by the FDIC, the agency reaffirmed and provided more detail about a bank’s “REMA”, or Reasonably Expected Market Area.
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