In response to an executive order signed by President Trump on February 3, 2017, the U.S. Department of the Treasury released a series of reports. These reports identify government policies that promote or inhibit regulation of the U.S. financial system in a manner consistent with the administration’s stated Core Principles. The most recent of these reports, […]
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Fair Lending laws and regulations prohibit discrimination on prohibited bases, including race, gender, age and ethnicity.
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Initially published in 1993, the FDIC Consumer News newsletter is celebrating 25 years of publication.
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The first and most important step of any quantitative analysis is understanding what the data consists of. This, unfortunately, is many times ignored in econometric analyses.
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The new CECL standards fundamentally change the allowed loan and lease loss (ALLL) calculation for GAAP-reporting institutions.
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The various regulatory agencies have released statements concerning the Economic Growth, Regulatory Relief, and Consumer Protection Act Amendments which provide regulatory relief for a significant number of institutions. These affect both compliance matters, specifically, the Home Mortgage Disclosure Act (HMDA) as well as safety and soundness issues.
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The implementation dates for the new accounting standard known as CECL are fast approaching. As with any new regulatory or compliance change, there is often a great deal of uncertainty and ambiguity surrounding meeting the requirements. In this post, we attempt to cut through the noise and provide a concise summary of the fundamentals and […]
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The term “Fintech” has come to mean essentially any application of technology for delivering financial services. More specifically, the term represents a rapidly growing space of alternative lending facilities that are outside of the traditional banking industry.
Read MoreOn January 18, 2018, the House passed H.R.2954, the Home Mortgage Disclosure Adjustment Act. The bill exempts certain depository institutions from collecting and reporting various expanded HMDA data points in the CFPB’s 2015 amendments to Regulation C that became effective on January 1, 2018.
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Jelena McWilliams has been sworn in as the 21st Chairman of the Federal Deposit Insurance Corporation (FDIC). She succeeds Martin J. Gruenberg, who has served on the FDIC Board since August 22, 2005, as Vice Chairman and Acting Chairman before becoming Chairman on November 29, 2012.
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