HMDA 2018: How Statistics Can Be Our Friend
For decades, banks and those of us who have been involved with regulatory compliance have objected to subjectivity that makes managing compliance matters difficult.
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25May2017
18May2017
HMDA Reporting 2018: You May Not Be Ready (Part 2 of 2)
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 […]
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16May2017
HMDA Reporting 2018: You May Not Be Ready (Part 1 of 2)
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 […]
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11May2017
The CFPB Releases 2016 Fair Lending Report
In April, the Bureau released its fair lending report for 2016. The report summarizes enforcement actions and supervisory activities conducted in 2016.
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05May2017
ABA Issues Fair Lending White Paper to U.S. Secretary of the Treasury
The ABA has issued a fair lending white paper to Treasury entitled: Fair Lending: Fighting Illegal Discrimination: Promoting Growth for the Whole Community. The paper raises issues with regard to agency regulation and enforcement efforts generally but, more specifically, focuses on the CFPB. It addresses enforcement of redlining, application of disparate impact, and advocates that […]
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06Apr2017
Earnings & Losses at Commercial Banks: 2001-2016
Recent FDIC reports have highlighted the stability and growing profitability among the nation’s financial institutions. In examining (2) key measures of asset quality (net charge-off rates as a percent of loans) and profitability (ROA), the data suggests both measures have stabilized for commercial banks since the financial crisis.
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02Mar2017
FDIC-Insured Institutions Earn $43.7 Billion in Fourth Quarter 2016, Community Bank Net Income Rises to $5.3 Billion
FDIC Chairman Gruenberg:“Revenue and net income were higher, loan balances grew, asset quality improved, and the number of unprofitable banks and ‘problem banks’ continued to fall,” Gruenberg said. “Community banks also reported solid results for the quarter and year with strong net income, revenue, and loan growth.
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10Feb2017
Use of Credit Cards is On the Upswing
The Center for Microeconomic Data’s latest Quarterly Report on Household Debt and Credit shows that total outstanding credit card debt was $747 billion at the end of September.
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06Jan2017
