CFPB Monitor

JUNE 15, 2020

According to the agency’s press release , the final rule is designed to increase CRA-related lending, investment and services in low- and moderate-income (“LMI”) communities where there is significant need for credit, responsible lending, and greater access to banking services.

Community 60

Community FDIC Lending Examples 60

ForwardBanker

APRIL 30, 2018

The post How Community Banks Can Resecure Their CRE Lending Business appeared first on Deluxe FS. Long before the Great Recession made everyone in the banking industry rethink nearly everything about how they did business, numerous community banks were highly dependent on CRE loans for revenue.

Community Bank 33

Community Bank Community Lending Industry 33

Abrigo

DECEMBER 22, 2023

Probability of default and how it's used for expected loss Probability of Default/Loss Given Default analysis is a method used by larger institutions to calculate expected loss. Now that it’s implemented, it’s crucial to ensure ongoing compliance and efficient management of the allowance for credit losses (ACL).

Risk Management 221

Risk Management Regulation Management Lending 221

CFPB Monitor

DECEMBER 5, 2019

The OCC, Federal Reserve Board, FDIC, NCUA and CFPB have issued an “ Interagency Statement on the Use of Alternative Data in Credit Underwriting.”. The statement sets forth the agencies’ recognition of the benefits of using alternative data (AD) in credit decisions. AD is often used in conjunction with artificial intelligence (AI) models.

Data 97

Data FDIC Compliance Analysis 97

CFPB Monitor

FEBRUARY 10, 2022

A California federal district court judge has rejected challenges to the OCC’s and FDIC’s Madden -fix rules brought in two separate lawsuits by state attorneys general. Section 7.4001(e) and the FDIC rule is codified at 12 C.F.R. I want to reiterate that predatory lending has no place in the federal banking system.

FDIC 78

FDIC California National Regulation 78

CFPB Monitor

JANUARY 28, 2021

Although the OCC’s CRA final rule technically became effective on October 1, 2020, it provides transition periods for compliance based on a bank’s asset size, type of charter, and business model. the CRA evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums).

FDIC 131

FDIC Community Lending Survey 131

CFPB Monitor

AUGUST 8, 2019

The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning. The Bureau issued its first (and so far only) no-action letter in September 2017 to Upstart Network Inc.

Data 60

Data Lending Compliance Policies 60