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GAO report on household access to banking services finds limited availability of small-dollar loans from banks and credit unions

CFPB Monitor

The GAO states that from 2010 through 2020, the CFPB, Federal Reserve, FDIC, and OCC have issued or rescinded at least 19 actions related to small-dollar loans, including rulemakings and policy statements.

Report 78
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Diversity reports at two federal agencies offer glimpse of regulatory review under impending Dodd-Frank diversity standards

CFPB Monitor

Pedrow* The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), signed by President Obama in 2010 in response to the financial crisis, includes a provision intended to remedy racial and gender discrepancies at federal financial regulatory agencies and private financial institutions.

FDIC 60
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Impact of Covid-19 Felt in the Shared National Credit Reviews Released by Bank Regulators

Perficient

.” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. Total Outstanding.

National 309
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Supreme Court hears arguments over jurisdiction for constitutional challenges to FTC’s enforcement authority

CFPB Monitor

477 (2010) (holding that a party alleging a structural separation of powers challenge to an agency need not endure the process over which an allegedly-unconstitutionally-insulated official presides before it can get judicial review). Accounting Oversight Board , 561 U.S.

Arizona 78
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Are the regulators getting you down?

Jeff For Banks

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. The difference here is that SCNB has been profitable throughout the crisis, and achieved a 1.12% ROA for the third quarter 2010. Bay National failed on July 9th. The stark increase in such orders has been alarming. I would vote no.

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Banking's Total Return Top 5

Jeff For Banks

It''s growth since 2010 has been fueled by seven purchases of failed banks. This has led to $863 million of covered loans (loss share arrangements with FDIC), and a yield on such loans of 8.69%, according to its latest investor presentation. At the time, the bank had a couple dozen employees and total assets of $28 million. You decide.

Texas 79
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Real Estate: Love it or hate it?

Jeff For Banks

of total assets at March 31, 2010 (see link below). dropped 24% from 2007 through the first quarter 2010. Bankers, on the other hand, should study carefully the direction of the national and their regional economies. Countless bank CEO''s, senior lenders, and bank directors tell me so. Are these more reliable?

Lending 66