Remove 2011 Remove Community Remove Risk Management Remove Security
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OCC warns about increasing credit risk

Abrigo

With the recession fading into the more distant past, banks – in particular, community banks – have seen several years of loan growth. Banks, according to Comptroller of the Currency Thomas Curry, are starting to reach for additional growth by lending to less creditworthy borrowers, a move that increases risk to the institution.

Lending 150
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Preparing for Section 1071

Abrigo

2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses. So back in 2011, we understood the next logical step. Credit Risk Management. Lending & Credit Risk. If they don’t?

Lending 195
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DOJ settles redlining lawsuit against First Merchants Bank

CFPB Monitor

From 2011 to 2017, the bank was alleged to have avoided providing mortgage credit to individuals in these areas. Engaging an independent third party consultant to conduct a community credit needs assessment. Designating a full-time Director of Community Development for the duration of the order (which is four years).