Remove Exercises Remove Lending Remove National Remove Security
article thumbnail

How to Set Your Strategic Planning Time Horizon

South State Correspondent

You can’t develop lending expertise overnight. A three-year time horizon isn’t long enough if say you want to take your lending platform nationally such as specializing in lending on robotics. After adjusting for risk and cost, individual securities and loans perform approximately the same.

How To 195
article thumbnail

OCC issues proposed “true lender” rule

CFPB Monitor

Less than two months after issuing its final “ Madden fix” rule , the OCC has now issued a proposed rule to address when a national bank or federal savings association should be considered the “true lender” in the context of a third party relationship. 2) Funds the loan.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New CFPB interpretive rule outlines broad state CFPA enforcement authority

CFPB Monitor

Section 5552) authorizes “the attorney general (or the equivalent thereof) of any State” to bring “a civil action…to enforce the provisions of [the CFPA] or regulations issued under [the CFPA] and to secure remedies under provisions of [the CFPA] or remedies otherwise provided under other law.”

article thumbnail

FASB issues CECL – new standard for credit-loss recognition

Abrigo

Amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. But the National Association of Federal Credit Unions expressed disappointment that an updated draft wasn’t issued for public comment before the FASB finalized the standard.

Resources 150
article thumbnail

COVID-19 and Residential Real Estate in 2020

TrustBank

In Washington, for example, Governor Jay Inslee approved real estate along with mortgage lending as essential activities , although significant restrictions and limitations were placed on these activities. Last week, the National Association of Realtors (NAR) reported that existing home sales decreased 26.6% from a year ago to 3.91

article thumbnail

ALM 101: Introduction to Asset/Liability Management – Part 2: Interest Rate Risk – Earnings at Risk

Abrigo

Institutions secure financial instruments at a certain rate based on the market rates as of a specific point in time. When going through this exercise, remember the relationship between risk and return. Lending & Credit Risk. What creates this difference between expected and actual cash flows? Learn More. Whitepaper.

article thumbnail

NY federal district court deals blow to OCC fintech charter

CFPB Monitor

In doing so, the court found that the term “business of banking” as used in the National Bank Act (NBA) “unambiguously requires receiving deposits as an aspect of the business.”. National Resources Defense Council, Inc. The court’s textual analysis started with a review of the powers of national banks under the NBA.

Fintech 68