An initial release of calendar year 2017 public HMDA data is now available. Historically not made available until early fall of the following year, these data were released in early May.
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Likely benefiting from rising interest rates and a strengthening economy, net income at community banks increased 17.7% from first quarter of 2017 based on the FDIC Quarterly Banking Profile. (available at https://www.fdic.gov/bank/analytical/qbp/2018mar/qbpall.html).
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The Federal Financial Institutions Examination Council (FFIEC) is releasing the customer due diligence and beneficial ownership sections of the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
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With the proliferation of Fintech, even smaller community banks are exploring different forms of automation in the lending process in an attempt to improve speed and efficiency of their processes. As online lenders now expand into the once sacred ground of small business lending (traditionally been dominated by the community bank), there are pressures […]
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The Federal Deposit Insurance Corporation (FDIC) is developing and testing a standardized export of imaged loan documents in an effort to streamline examination processes. This initiative is anticipated to improve efficiencies during onsite examination activities and provide additional opportunities for conducting examination activities offsite.
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The deadlines for implementation of the new Current Expected Credit Losses (CECL) are fast approaching. The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles […]
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The agencies have jointly issued an amended rule that increases the current appraisal threshold for commercial real estate (CRE) transactions from $250,000 to $500,000.
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The Federal Financial Institutions Examination Council (FFIEC) has announced an update on the status of its Examination Modernization Project.
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It is important to bear in mind when conducting regression analysis for fair lending that models must be fit to data.
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In a previous post, we highlighted the CFPB’s request for comment on its Civil Investigative Demand (CID) process. The CFPB is continuing to request comment on other facets of its operations in an apparent attempt to reform the fledgling agency.
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