ABA: Report Shows Consumer Delinquencies Rise in Third Quarter 2018

Installment loan and bank card delinquencies resumed a slow return towards normal levels in the third quarter of 2018, but remain low by historical standards, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in six of the 11 categories tracked by ABA while […]

OCC: CRA Regulation Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds

OCC BULLETIN 2019-1 Summary On December 27, 2018, the Office of the Comptroller of the Currency (OCC) published in the Federal Register revisions to its Community Reinvestment Act (CRA) regulations that became effective January 1, 2019. The revisions adjust the asset-size threshold amounts used to define “small bank,” “small savings association,” […]

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in October 2018. The CRA is a 1977 law intended to encourage insured banks and […]

OCC: CRA Evaluations for 31 National Banks and Federal Savings Associations Released

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of December 1, 2018 through December 31, 2018.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks […]

FEMA: Puerto Rico’s Recovery Brings Opportunity to Improve

As 2018 ends, Puerto Rico’s transformation from hurricanes Irma and Maria has pivoted toward making the island stronger and more resilient. The island’s long-term recovery envisions enhanced infrastructure and communities more capable of withstanding events like the 2017 hurricanes. The Government of Puerto Rico and FEMA have collaborated on several […]

FHFA: Index Shows Mortgage Rates Increased in November 2018

Nationally, interest rates on conventional purchase-money mortgages increased from October to November, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.86 percent for loans closed in late November, up 11 basis points […]

CFPB: Policy Guidance Announced on Disclosure of Home Mortgage Data

The Consumer Financial Protection Bureau (Bureau) today announced final policy guidance describing the Home Mortgage Disclosure Act (HMDA) data the Bureau intends to make available to the public beginning in 2019, including modifications to protect consumers’ privacy. HMDA requires lenders to collect, report, and publicly disclose loan-level data about their […]