The OCC is focusing on credit risk, compliance risk and strategic risk as its top supervisory priorities at community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.
Delinquencies in both open- and closed-end loans rose in the first quarter of 2017, according to the ABA Consumer Credit Delinquency Bulletin released today.
Delinquencies in closed-end loans rose in the fourth quarter of 2016 while delinquencies in open-end loans fell, according to the ABA Consumer Credit Delinquency Bulletin released today.
U.S. household debt levels are expected to set a new record later this year, according to economists at the Federal Reserve Bank of New York today.
Bankers continued tightening credit for commercial real estate loans and consumer loans in the last three months while holding steady on other business loans and easing credit standards very slightly in their home mortgage portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.
We have a customer who is going on temporary active duty for four to six months for training, so the provisions of the Servicemembers Civil Relief Act apply since it is over 30 days. This customer has an auto loan with us. Our loan agreements require that a borrower maintain adequate insurance on the vehicle.
The OCC is focusing on credit risk and strategic risk as the top risk priorities in its supervision of community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.
As technology evolves, state-level stalwarts such as elder financial abuse and foreclosure are now sharing the legislative spotlight with novel issues generated from the success of Airbnb, Uber and other “sharing economy” firms.
A large majority of banks provide small dollar loans effectively (with low charge-offs) and have the capacity to expand their small dollar lending, were market and regulatory conditions to allow for it, according to an ABA survey of senior bank officers.