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Explore Regulatory Compliance Best Practices at FICO World

FICO

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Model management continues to present financial institutions with new compliance obstacles. Please join us in Washington DC April 26 -29!

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

They have seemed fairly nervous about their large balance sheet, so in September, 2017, they announced that they would allow bonds to mature or pay off in October- by $4 billion in Agency mortgage backed securities and $6 billion in Treasuries, for a total of $10 billion. Fiscal Policy We are not seeing activity from Washington DC.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

In another easing action dubbed “Operation Twist,” the Fed stated that they will sell $400 billion of their shorter securities (less than 3 year maturities) and buy the same amount of longer securities (6 to 30 year maturities) by June, 2012. They haven’t tried a “twist” since the 1960s. Gas prices clearly have room to move downward.

DC 66
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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

They announced another quantitative easing program—this time, QE3—part 2, in which they will buy $45 billion a month in Treasury bonds in addition to the $40 billion per month of mortgage backed securities that they are buying for QE3. Yes, folks, that would be $1 trillion per year! The estimated reduction to GDP would be -.3% Stay tuned!

Taxes 71
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Dodd/Frank-CFPB: Small Business Lending Data Collection Rule

Abrigo

The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. securities credit. credit secured by certain investment properties. public utilities credit.

Lending 195
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AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

CB Insights

In financial markets, global risk and asset management firm BlackRock laid off around 40 employees earlier this year, including portfolio managers and stock managers. Its self-checkout and ordering process is gaining popularity, and Eatsa has expanded beyond San Francisco to New York and Washington DC.