Lending institutions play a critical role in the economic health of the communities they serve. The bank regulations and regulators understand this and emphasize policies that promote meeting the needs of the entire com munities. As much of this emphasis is on housing, to effectively meet the needs of those communities and ensure equitable lending […]
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Acting Chairman Travis Hill of the Federal Deposit Insurance Corporation (FDIC) delivered a speech at the American Bankers Association Washington Summit on April 8, 2025, providing an update on key policy issues the agency is currently focusing on. His remarks highlighted a commitment to fostering a vibrant and resilient banking system by addressing challenges in […]
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The FDIC’s “Quarterly Banking Profile” for the fourth quarter of 2024 reveals the financial performance and condition of FDIC-insured institutions. The report indicates the banking industry experienced strong earnings and increased domestic deposit growth during the year. Asset quality metrics generally remained favorable, even with some weakness in specific loan portfolios like non-owner occupied commercial real estate. While […]
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Lenders, especially those dealing with HMDA reportable loans, face an uncertain regulatory landscape due to the recent shake-up at the Consumer Financial Protection Bureau (CFPB). To navigate this period, Premier Insights encourages clients to stay informed and proactive. Drawing on insights from the October Research webinar, “CFPB’s Shake-Up & It’s Impact on You” and from […]
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Preparing for an upcoming fair lending examination can be stressful and time consuming. One of the main challenges is knowing what to focus on and how examiners may approach the examination. Each exam can be different, with a number of factors influencing an examiner’s approach, expectations, and focal points. Below is a quick, broad checklist […]
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During a recent speech, Federal Reserve Board Governor Michelle Bowman addressed new approaches toward bank regulatory policies. These policies seem to adopt a more conciliatory tone towards banks. Below are the key points. The full speech can be found online here:https://www.federalreserve.gov/newsevents/speech/bowman20250109a.htm
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Last week, our President, Dr. Brandon Roberts, PhD, spoke on three different topics central to understanding and addressing fair lending risk management in today’s environment. From the changing regulatory landscape to specifics on gathering, maintaining, and understanding lending data to the imminent implications of SB 1071, read on for a recap and resources to learn […]
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The FDIC’s September 5, 2024 quarterly report of bank earnings reflected an increase from the previous quarter, however assets quality weakened and the number of banks declined by 29. Chairman Gruenberg urged caution, commenting, “Uncertainty in the economic outlook, market interest rates, and geopolitical events, along with continuing weakness in some bank loan portfolios, pose significant […]
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Concern over overdraft fees has been voiced by regulators for over a decade. The agencies, and in particular the CFPB, have focused more attention on this in the past few years, urging banks to change their practices in regard to such fees or eliminate them altogether. As a longstanding practice for banks, and for many […]
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The U.S. economy grew 3.0% in the second quarter, according to the “second estimate” of Real GDP released by the Bureau of Economic Analysis (BEA), on August 29, 2024. Growth in the 1st quarter was 1.4%, a marked slowdown from the 3.4% observed in the fourth quarter of 2023. The robust second-quarter growth was driven […]
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