A survey of 95 national banks and federal savings associations revealed overall on average, those institutions have eased their underwriting standards for the third consecutive year, according to a report from the Office of the Comptroller of the Currency.
Read More »Fed Tightens Up on “Too Big to Fail”
One of the enduring criticisms of the Dodd-Frank Wall Street Reform Act of 2010 is that it codifies “too big to fail” and allows the government to continue to financially rescue firms that are deemed systemically important.
Read More »Democrats on Wall Street: Break Up Big Banks & Reinstall Glass-Steagall
Democratic presidential candidates deliberated recently in their second primary debate, ultimately determining that something must be done about Wall Street banks.
Read More »OCC Informs Lenders of Upcoming TRID Compliance Exams
The Consumer Financial Protection Bureau will no longer be the only entity monitoring TILA-RESPA Integrated Disclosure rule compliance among lenders. The Office of the Comptroller of the Currency announced Friday that TRID compliance exams are coming.
Read More »Mortgage Originations Uptick Not Reflected in Bank Portfolios
Mortgage originations are soaring but bank's are not reflecting this rise in their portfolios, which are suffering from new tax policies, fluctuating interest rates, and regulatory changes in mortgage lending.
Read More »Fed Chair Yellen Addresses Bank Concerns & Possible December Interest Rate Hike
Federal Reserve Chair Janet L. Yellen testified before the House Financial Services Committee Wednesday morning to discuss supervision and regulation among U.S. financial institutions, but the looming interest rate hike was the subject no one could resist touching on.
Read More »Banks Advised to be Cautious With Credit Risk to Avoid Another Financial Crisis
Banks need to take steps now to avoid emerging credit risk in today’s financial system in order to prevent another financial meltdown, according to Comptroller of the Currency Thomas Curry in a public address on Monday.
Read More »Fed Survey: Banks Ease Mortgage Lending Standards
Banks lowered mortgage lending standards in the third quarter of 2015, according to the Federal Reserve's Senior Loan Officer Opinion Survey on Bank Lending Practices.
Read More »Fed Proposes New ‘Too Big to Fail’ Bailout Rule
The Federal Reserve recently proposed a new rule that will remove some of the pressure from the government and taxpayers concerning eight of the nation’s largest banking institutions.
Read More »Banks & Credit Unions Place Accurate Data Capture at Top of HMDA Concerns
The Home Mortgage Disclosure Act data collection rules have recently been finalized, but U.S. banks and credit unions are troubled with how to accurately capture the new HMDA-required data fields.
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