In the second installment of this two-part post, we provide some guidance concerning data for fair lending underwriting analysis in the community bank space.
Read More
In Part 1 of this two-part post, we discuss some issues with conducting fair lending underwriting analysis for community banks: challenges which are becoming more acute with the regulatory emphasis on quantification.
Read More
The Bureau of Labor Statistics has published an interesting study forecasting the future of the U.S. labor force over the next 50 years.
Read More
The FDIC reported that net income of commercial banks and savings institutions increased by over 12% or $5 billon from the previous year. The increase was attributable to increases in both net interest income and non-interest income. Over one-half of the nation’s insured institutions reported year-over- year increases.
Read More
For decades, banks and those of us who have been involved with regulatory compliance have objected to subjectivity that makes managing compliance matters difficult.
Read More
The CFPB recently released its report on fair lending for 2016. The report covered a number of topics related to fair lending, including a summary of their supervisory and enforcement activities. One area addressed was the use of “testers” which involves sending persons of protected and non-protected class status into branch locations to inquire about […]
Read More
In Part 1 of this post I raised the issue of the new HMDA to be reported March 1, 2018, and how this has the potential to alter the fair lending landscape by increasing the level of risk. Below I detail some of the reasons why I believe this is the case. In a future […]
Read More
The update to HMDA reporting is just around the corner, and while most institutions are probably prepared for the data reporting changes, this does not mean those institutions are actually ready. In this series of articles on HMDA 2018, we’ll discuss the fair lending risk implications of the new data that will be made available […]
Read More
In April, the Bureau released its fair lending report for 2016. The report summarizes enforcement actions and supervisory activities conducted in 2016.
Read More
Financial regulatory agencies today are especially focused on risk in their supervision practices. This includes both compliance related matters as well as safety and soundness.
Read More